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Pig slaughter cuts US pork prices
US wholesale pork prices have declined to the lowest
level since April 25th due to large amounts of
slaughterings.
Pig prices declined 3.2% and pig futures declined to their lowest level
since July.
Pork processors slaughtered approximately 2.17 million pigs over the last
week, the most since December last year. More records are expected in the peak
slaughter period in the week after Thanksgiving, November 23rd.
That week usually sees the most slaughterings of the year. The result is a
drop in both pig and pork prices.
Editor PigProgress
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