ANALYSIS: Pork Cutout Continues its Gradual Decline
The pork cutout value has been steadily decreasing since the end of July, closing at $93.24/cwt on September 13th. This decline, while aligning with historical seasonal trends, represents a 12.1% decrease since July 29th and a slight dip below last year’s value. The decrease in value can be attributed to a combination of factors, including increased production levels, which are currently 2.4% higher than this time last year.
The week of September 16th saw a continuation of this downward trend, with the total cutout value falling 4.2% below...
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