Pork Comments 06/12/20
The USDA has forecast an increase in pork production in 2021 compared to the artificially limited slaughter of 2020. Hog slaughter is making a steady increase compared to the dip in April and May when many plants were closed due Covid 19.
USDA dropped the 2020 pork export estimate in April and May due to a pork supply shortage. Sales have slacked off in recent weeks, but will likely pick back up as pork supplies become more plentiful and a cheaper pork cutout entices buyers.