Positive Cattle on Feed may stabilize pricing early next week. August 18, 2023
October futures, when including Friday's +$2 trade, ended the five day week +0.80. A three week seasonal downtrend remains.
This week's hog kill ran 2.414 million head. It has now been four weeks since the year's lowest seasonal hog kill of 2.327. Rising supplies will continue almost each week into November/December. The year over year comparison had been a little more than expected in the prior six weeks, -1.9% from last year. This week's run was +0.3%.
This content requires a premium subscription.
Please login to your premium subscription to view this content in its entirety.