Pork prices continue to be depressed, with a heavy hog supply in the U.S. leaving packers with an abundant supply of pork.
At the wholesale pork level and retail price level, prices have been relatively strong, but from the producer stand point, Tyler Fulton, director of risk management with h@ms Marketing Services, says prices are at their lowest level in several years because of the heavy supply.
"Over the last three or four weeks or so, we've seen the U.S. slaughter bump up over 2.4 million hogs, and that is fairly close to what is thought to be the total capacity of the U.S. slaughter capacity," he says.
Source : PortageOnline