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Steiner Consulting economist Altin Kalo says the pork belly market is burdened by excess supply after food service companies placed large volumes into cold storage following last summer's bacon price spike. Seasonal demand is not expected until late spring or early summer.
Excess cold-storage pork stocks weigh on hog prices and reduce near-term demand for hog feed until seasonal demand returns.
rrfn.comDon WickMar 24, 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.
