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Hog carcass prices fell sharply in mid-March as federally inspected slaughter ran above year-earlier levels for a seventh straight week. Average slaughter weights were also well above last year.
Heavier hogs and higher slaughter reduce cash hog prices and keep supply ample, which weighs on pork value and modestly on feed demand.
nationalhogfarmer.comRon PlainMar 18, 2018Not 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.
Slaughter running above last year for seven straight weeks with heavier carcass weights points to ample pork supply and falling cash prices, a bearish fundamental backdrop that likely contributed to the decline.
