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Pork Checkoff analysis says hog slaughter should hover around 2.6 million head for the next 6-7 weeks, pressuring prices lower. Wholesale pork has been more resilient than expected, with strong Mexican export sales and robust Q4 exports.
Steady slaughter combined with firm export demand supports ham values but seasonal loin weakness in November and December points to lower pork prices overall.
porkcheckoff.orgOct 10, 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.
Pork Checkoff flagged seasonally rising slaughter (~2.6M head/week) and more downside for pork prices, a bearish supply-side signal for lean hog futures, though published before the sharp drop.
