date:Aug 20, 2014
their forecast of 2014 pork production, but left their hog price forecast unchanged. For the year, USDA expects barrows and gilts to average close to $80/cwt on a live weight basis.
Hog carcass prices have declined by $26/cwt in the last five weeks. During the same period, the pork cutout value is down $31/cwt. The drop is mostly due to a steady increase in hog slaughter.
This was the fourth consecutive week with hog slaughter larger than the week before and the first week with slaughter abov