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To use an appropriate porcine question: Will demand save our bacon? When we look at the last two weeks, the answer could certainly be a resounding "Yes!" Why else would packers be aggressively chasing hogs when slaughter rates are so high? And why else...
It is difficult to believe that spot market carcass prices of $67/cwt. and futures contract prices in the $70s (and $80s for the deferred contracts) can leave the pork industry in a serious financial situation. But that's the pickle in which we find ourselves this spring...