Key Takeaways:
U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the severity of the downturn suggests that seasonal factors alone do not fully explain the decline. Weak domestic demand remains a major concern, as pork has struggled to benefit from historically elevated beef prices while chicken consumption continues to expand. Retail pork prices have remained relatively stable despite substantial declines in wholesale values, potentially limiting additional consumer buying interest. U.S. pork exports declined 4.9 per...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
