Pork prices continue to be depressed, with a heavy hog supply in the U.S. leaving packers with an abundant supply of pork.
At the wholesale pork level and retail price level, prices have been relatively strong.
But from the producer stand point, Tyler Fulton of hams marketing services says prices are at their lowest level in several years because of the heavy supply.
“Over the last three or four weeks we have seen the U.S. slaughter over two point four million hogs and that is fairly close to what is thought to be the total capacity of the U.S. slaughter capacity.”
He says this abundant supply could trail off a bit in the near future.
Source : Discoverestevan