Pork Commentary: No Fun in Mudville?
CANADA - Last Friday, the Iowa-Minnesota lean price averaged 66.21 (49¢ liveweight). There is no fun in Mudville with hog prices at these levels in July. Too many hogs, too much pork, more beef and chicken is keeping the hog price under pressure. At current feed prices and slaughter prices, some producers will be losing money. Is there any good news? Maybe.