The director of risk management with Hams Marketing says forward hog prices have really come down, pretty much trading at the lowest level that we've seen so far this year.
Tyler Fulton says prices reflect the market fundamentals today that anticipate record large pork production, really heavy supplies of live animals coming to market over the next two or three months, and generally sluggish demand related factors.
"Exports, while they've been improving to China, they generally haven't held up real well to Japan and Mexico and so it's been a struggle to maintain any kind of steady trend, forget about improving things," said Fulton.
Source : Portageonline