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Hog slaughter reached 2.635 million head in the week before November 22, the highest since early March, and carcass weights rose nearly five pounds over six weeks. Pork cutout fell almost $5 to $89.92/cwt, led by lower bellies and loins as holiday scheduling affected processing.
Seasonally higher supply and lower cutout values pressure near-term hog prices, while strong Mexico export demand partly offsets the weakness.
porkcheckoff.orgNov 22, 2021Not 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.
