
Weekly US pork slaughter is running well above prior levels, with slaughter up 11% and weights up 3% since mid-August. USDA data releases are delayed because staff were furloughed during a funding lapse.
Seasonal supply growth of nearly 15% is expected to push pork prices lower into November and December, reducing hog market value.
Not 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.
US slaughter up 11% and weights up 3% since mid-August signal heavy supply pressuring pork prices.
Oct 13 report of US slaughter up 11% and weights up 3% points to heavy pork supply, a bearish fundamental that fits the sharp decline.
Slaughter up 11% and weights up 3% since mid-August signal ample pork supply, while delayed USDA data add uncertainty; this is bearish for hog prices heading into the move.
Slaughter up 11% and weights up 3% since mid-August signals heavy pork supply pressuring prices.