Decline reflects industry effort to balance supply and demand as well as COVID-19 challenges.
Expectation that prices will continue to erode during second half of 2020 has not changed.
Beef demand from foodservice sector will remain constrained despite signs of recovery.
Four of five largest beef export markets dropped sharply in second quarter and will be watched for recovery in second half.
Hog price forecast for 2020 reduced but beef, broiler and turkey price forecasts raised.
A weekly roundup of prices for select dairy and specialty livestock markets.
Feedstuffs Livestock & poultry cash market comparisons, 8/12/2020
Hog inventory could reach 80% of pre-ASF levels by end of 2020.