Jim Long Pork Commentary: US Pork in cold storage, huge decline
Last week the USDA released the inventory of Pork in Cold Storage at the end of October. A year ago 611 million pounds in cold storage, this year, 448 million pounds. A drop of 27%. A bullish sign for future pricing as the market has no burdensome inventory to sell as hog slaughter numbers decline into 2021.
7 December 2020
3 minute read
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