Pork stocks in U.S. warehouses in September soared to a record high for that month, a government report showed on Monday, a sign that the rush to market hogs this summer due to high feed costs may mean fewer hogs and less pork next year.
The bulk of the price gains could come in the second-half of next year, analysts said.
"We slaughtered lots of hogs during September, far more than expected, with a good chunk ending up in cold storage," said University of Missouri economist Ron Plain.
The U.S. Agriculture Department on Monday reported end-of-September pork stocks at 630.7 million pounds, up 8 percent from August and up 28 percent from last year. It was the fifth straight monthly record.
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