US Pork Packers Bid Mostly Lower Prices As Production Drops
March 21, 2016 | 1 min to read
CHICAGO–Bids for hogs by U.S. packers in the cash markets are mostly weaker to start the week, with most plants expressing lighter demand due to shortened, holiday production schedules.
Bids are flat with the previous prices paid in most regions to $1.00 lower, and Friday's top sales ranged from $43 to $48 per hundredweight on a live basis, and from $54 to $62 per hundredweight on a carcass basis–a form of pricing that accounts for the meat yielded from the animal.
The last available Wall Street Journal packer-margin index for Friday was positive $26.42 per head, compared with positive $22.92 per head on Thursday.
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