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Total US red meat and poultry supply was up about 2% in the week ending November 12, mostly from more beef. Pork production rose only 1% while chicken fell 2%, and weekly hog slaughter swings are complicating supply estimates.
Weekly production volatility makes short-term hog and pork price signals noisy, and rising beef supply competes with pork. Buyers may see more stable pricing if moving averages are used to judge trends.
thepigsite.comGlobal Ag MediaNov 17, 2016Not 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.
