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University of Tennessee economist Andrew Griffith says beef cutout values and pork values have both weakened recently. Pork cutout prices are reported well below year-ago levels, with bellies and hams notably lower.
Weak pork and belly values signal softer hog margins, which can cut producer demand for feed and pressure lean hog prices.
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.