Pork prices are dropping due to record pork and poultry production this year, bringing backyard barbecues to the cheapest level of the summer. While low prices are making it difficult for livestock producers to turn…
Livestock
Beef Market Crumbles
While most commodities had a sharp rise this week, cattle prices collapsed to a four-month low, trading under $1.23 per pound. Prices are plunging due to the cattle supply outweighing beef demand. Cold, rainy weather…
Hogs Go Wild
Hog prices surged this week to five-month highs as fears spread about a potential summer pork shortage. USDA data suggested 2% fewer slaughter-ready animals this summer and also showed that the animals were lighter than…
Steak Market Sizzles
Cattle charged to a four-month high on Friday, pushing over $1.38 per pound. Prices have been rising as demand from meatpackers picks up as they prepare for spring cookouts. Retailers are hoping that relatively cheap…