Large inventory hurts hog prices

Large inventory hurts hog prices

Herd expansion expected to result in larger 2016 pork supplies and lower hog prices.

THE U.S. Department of Agriculture recently adjusted its estimated second-quarter commercial hog slaughter to account for higher-than-expected weekly hog slaughter in April and early May.

The USDA Economic Research Service's (ERS) "Livestock, Dairy & Poultry Outlook" for May noted that while typical seasonal patterns are expected to prevail in May and June, slaughter numbers will likely be higher than initial forecasts.

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