Steve Meyer, vice president of pork analysis with Express Markets Inc. Analytics, shared an outlook for the US pork industry on the opening day of World Pork Expo in Des Moines, Iowa, USA. Meyer first addressed the weakening of prices, noting that West Coast port issues were the "first domino that fell" which backed product up and put domestic buyers of pork in an advantageous position. "As prices began to fall at the wholesale level and the producer level there was a very strong incentive to speed up marketings - if you know they are going to be worth less next week then you want to ship them this week. So that pushed hog numbers higher during the first. Read more...
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