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USDA's Economic Research Service cut second-half 2024 pork production by about 85 million pounds after lower Q3 slaughter and smaller dressed weights. Total 2024 pork production is forecast at 28 billion pounds, up 2.8% from last year.
The ERS also reduced 2024 and 2025 export forecasts because demand from key importers remains weak.
Lower pork output is modestly supportive, but reduced export expectations weigh on hog demand and prices. Hog prices are expected to average $55 per cwt in Q1 2025, signaling continued pressure.
nationalhogfarmer.comAnn Hess22 aug 2024Na 159 eerdere neerwaarts rapport-gebeurtenissen bewoog Magere varkens zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -2,2% tot +1,3%), en +1,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
