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Pork belly prices dropped almost 35% in the week, attributed to a large increase in hog slaughter, higher retail prices and seasonal demand decline. Analysts expect fresh pork and trim prices to face further pressure in the fall as supplies rise.
Lower cutout components and rising slaughter point to weaker hog values into fall, reducing the value of hogs as a feed-cost-linked livestock market. The effect on feed demand is limited.
porkcheckoff.orgAug 28, 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.
