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Hams Marketing Services said U.S. hog slaughter has lagged expectations, running about 2% above last year rather than the 3.5-4% anticipated. Cash hog and wholesale pork prices are holding steady, and slaughter could reach 2.55-2.6 million head in mid-late December.
Slower-than-expected slaughter supports cash hog prices, though a late-December peak could bring some cash market pressure.
mysteinbach.caCorwyn Friesen, mySteinbachDec 12, 2017Not 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.
