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Due to the seasonal increase in supply, a slowdown in export sales and inventory depletion, prices collapsed far more quickly than expected.
Pork market is hot and cash hog prices are near record levels, but does that warrant current fall premiums?
Supplies are in line with the projections from the latest hog inventory data. Market participants seem surprised by the seasonal shortfall. Hog and pork prices are firm in the near term.
The cure for high prices is high prices — lack of features and ample inventory cause prices to adjust and create future opportunities.
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