Pork Markets On A Rollercoaster
The latest meat and livestock update from DATCP, written by Jeff Swenson, DATCP Livestock and Meat Specialist, reveals that pork prices are struggling to stabilize.
The Market Update compiles data from various sources, including trade publications, radio broadcasts, agricultural news services, industry individuals, USDA NASS, and AMS reports.
Pork Sector Struggles
The pork sector is having trouble finding firm footing, with cash prices dropping over $2 last week.
- Hog supply is increasing but remains lower than year-ago levels.
- Last week's estimated harvest was 2.588 million head, 11,000 more than the previous week and 17,000 fewer than last year.
- Heavier hogs are weighing on the market, with live weights running five pounds heavier than this time last year.
Without a monthly agricultural export report published this month and the lack of weekly data during the federal government shutdown, it is impossible to know how much pork is leaving the U.S.
Author's summary: Pork markets are unstable due to various factors.
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