Pork Markets On A Rollercoaster
The recent meat and livestock update by DATCP, written by Jeff Swenson, DATCP Livestock and Meat Specialist, shows that pork prices are unstable.
The update is based on information from trade publications, radio broadcasts, agricultural news services, industry individuals, USDA NASS and AMS reports.
Pork Sector Struggles
Cash prices dropped by over $2 last week. The hog supply is increasing but remains lower than last year's levels.
- Last week's estimated harvest was 2.588 million head.
- This is 11,000 more than the previous week and 17,000 fewer than last year.
Heavier hogs are affecting the market, with live weights averaging five pounds heavier than this time last year.Without a monthly agricultural export report 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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