CME: What Caused the Hog Slaughter Crash this Week?
US - USDA reported hog slaughter on Monday at 324,000 head, about 113,0000 head less than what it was the previous week. The reasons for the decline have been widely reported in the press, relating to technical problems impacting Smithfield Foods, the largest pork packer in the US, write Steve Meyer and Len Steiner.