Seasonal Slide Persists On Hefty Supply

by 5m Editor
27 September 2007, at 11:03am

US - Cash hog prices continue to slide under pressure from record-large slaughter rates and declining wholesale pork values.

The slaughter hog markets near midday Wednesday were reported from $0.50 to mostly $1 per hundredweight lower, and predictions for prices Thursday (today) were mostly weaker again.

Livestock dealers and market managers said despite the falling cash prices, most producers aren't panicking. A good portion of the independent producers hedged at least part of their hogs in July and August when futures prices were high enough to guarantee their operations a profit. So, these producers are receiving a good deal more money for their hogs than the current quoted prices, the dealers and managers said.

Source: TheFarmer

5m Editor