Chart Of The Day: Weekly Hog Slaughter by The Attain Alternatives Blog
We wanted to quickly update our recent article about the current state of the hog markets. With another glance at the markets, it’s down an additional 15% in roughly two weeks {Disclaimer: Past performance is not indicative of future results}. The reason?
The USDA report shows the weekly hog slaughter is currently up 8% above last year, above the 10-year range, AND above the current capacity. Read that again.
The result is packers may have to add Sunday shifts to manage the excess product coming in. If this continues we really could see a falloff in hog prices; like an additional 30 or 40%.{Disclaimer: Past performance is not necessarily indicative of future results}.
[drizzle]For more information on what moves the hog market and other future markets, check out our latest Infographic.
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