
Hog prices fell over $3 in the week, and the pork cutout dropped $3.88 to $104.42. Weekly harvest was 2.577 million head, slightly below the prior week and last year, while hog weights were 6 pounds above year-ago levels.
Export data has been unavailable during the federal government shutdown.
Heavier hogs add pork supply and lower cutout values push down live hog prices, which can reduce producers' feed purchasing. Lack of export data adds uncertainty to global demand.
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.
Cash hogs dropped over $3 and the cutout fell $3.88 in the week, with heavier weights, which confirms weakening fundamentals that drag on futures.
Cash hog prices fell over $3 and the pork cutout dropped $3.88 in the week, with heavy weights, showing weakening fundamentals.