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USDA data show a record weekly hog slaughter of 2.544 million head, with packers exceeding 2.5 million hogs five times in nine weeks. November pork retail and live hog prices fell to their lowest monthly averages in years, and the strong dollar hurt export demand.
Record slaughter and falling pork prices pressure hog values, while a strong dollar reduces pork export demand, weighing on hog prices.
thepigsite.comGlobal Ag MediaDec 19, 2016Not enough comparable past events yet for a historical read.
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.
