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Pork cutout values have fallen more than $8 per hundredweight over six weeks from a year-to-date high of $82. Hog slaughter has stayed well above last year's pace, so the seasonal rally has not yet materialized.
Heavy hog slaughter is keeping supplies ample, which weighs on hog prices unless demand strengthens enough to offset it. Feed buyers should watch whether summer slaughter slows.
fb.orgMay 11, 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.
