Pork Market Update 14 October 2019

Highlights:

– Phase 1 of US and China trade negotiations could open the door to more US pork sales to that market and higher pork prices.

– In the short term pork supplies remain plentiful, with slaughter last week over 2.7 million head, the second highest on record.

– Pork belly prices have surged higher as processors look to bolster inventories. Low prices in September also allowed retailers to book significant volumes for fall product features.

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