date:Aug 07, 2014
d a forecast based strictly on the US Department of Agricultures June Hogs and Pigs report inventories of market hogs.
As can be seen, actual slaughter has been well-below the level of last year and of the USDA-implied slaughter rates.
They have even been lower than my forecast levels for four of the past six weeks, and the two weeks that were larger were just marginally so. Since the week that ended 7 June, FI slaughter has totaled 16.696 million head, 6.3 per cent lower than one year ago a