The more, NOT the better 🖐️

💸 In recent weeks, hog slaughter has been running above expectations: the USDA's December Hogs and Pigs report implied slaughter would be down 1.9%, but what happened instead is that actual hog slaughter was down only 0.3%. But this is no good news… this increase appears to be having a negative impact on hog prices.

     • The higher-than-predicted hog slaughter could be due to winter weather disrupting hog flow or, more likely, a surplus of hogs relative to expectations. 

     • What the future holds: it would seem hog prices will increase each month until July, then decline each month until the year ends.

🔍 If you’re interested in the topic, read more about it here.