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Weekly hog slaughter has run about 2.53 million head over the last six weeks, down 3.1% from a year earlier, with labor shortages at plants contributing. Pork export shipments to China fell 67% year over year, while Mexico purchases remain strong.
Labor-limited slaughter and weaker China export demand weigh on cash hog prices, while Mexico demand offsets part of the loss.
swineweb.comJim EadieNov 23, 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.
