date:Aug 07, 2014
the 4.2 per cent and 4.0 per cent of the weeks of July 11 and 18.
So why are cutout values and hog prices lower? The obvious answer is that, at least in the short run, wholesale pork demand has softened a bit. It appears to me that pork buyers overshot the cost levels needed to keep product moving here in the late-summer and bid cut prices up too quickly in July.
The roughly $7/cwt. drop in the cutout value has it priced at a much more reasonable level relative to early May values; ditto for t