Jim Long Pork Commentary: US Pork Cut-outs push past 80₵

Holidays are over, packers got working to get hogs killed. Last week, 2,849,000. We aren’t sure but we believe the largest weekly kill in a long time. Despite this big slaughter week U.S. pork cut-outs were 81₵ lb. friday close, up from the low 70’s a couple weeks ago. For hog prices to push higher we need cut-outs to continue to move up. Current packer gross margins are at levels that encourage continual aggressive hog slaughter.
calendar icon 13 January 2021
clock icon 2 minute read

Jim Long

President - CEO at Genesus Genetics
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