The USDA pork cutout closed Friday at $74.09/cwt, down $6.46 from the prior week's $80.55, an 8% weekly decline. Wholesale pork values are about 26% below year-ago levels.
A sharp fall in the pork cutout signals weaker wholesale pork demand or heavier supplies, pressuring lean hog prices.
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.
Pork cutout fell 8% in a week to $74.09 on weak wholesale demand, eroding hog values.
Pork cutout fell 8% week-over-week to $74.09, about 26% below year-ago, signalling weak wholesale demand that pressured hog values.
The 8% weekly cutout decline to $74.09 signaled weakening wholesale pork demand ahead of the move.