Loading…
Hog slaughter for the week ending Nov. 4 reached 2.677 million head, a year high and up 4% from last year.
The article says weak demand and a large pork supply are weighing on primal cut prices, with the USDA projecting higher 2024 pork production.
Excess pork supply and projected higher 2024 output point to continued pressure on hog prices, which limits producer demand for feed.
nationalhogfarmer.comDennis SmithNov 6, 2023Not 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.
