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Hog slaughter ran about 2% above year-ago levels in recent weeks, but weights were lower, leaving less pork in the spot market. Demand for fresh pork is robust as retailers shift to value cuts, and ham orders from Mexico lifted prices in late March and early April.
Less pork supply combined with robust demand supports pork prices into summer, which tends to support hog values and feed demand, though the fall outlook is less certain.
porkcheckoff.orgApr 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
