Hogs enter uncharted waters

Hogs enter uncharted waters

Noticeable drop seen in hog slaughter; WASDE lifts 2014 red meat production based on increase in beef production.

WHILE most market participants were soaking up the latest information from the U.S. Department of Agriculture's July 11 "World Agricultural Supply & Demand Estimates" (WASDE) report, the federally inspected hog slaughter total has fallen for the third consecutive week and is 8-9% below last year (Figure).

This significant downward trend is providing evidence of the highly expected reduction in July slaughter due to major pig losses during the w

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