Loading…
Year-to-date US hog prices are down 19.9% and pork cutout values down 15.2%, with Iowa State estimating losses above $20 per head this year. Analysts attribute the weakness mainly to falling packer, retail and export pork demand rather than excess hogs.
Weak demand combined with rising world pork output keeps downward pressure on lean hog prices, and the seasonal pattern is unfavorable until after Christmas.
nationalhogfarmer.comRon PlainOct 23, 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.
