The President signed a bill to increase the debt ceiling and the stock market crashed. Those were the two big stories in the financial markets this week. As a result, the media paid little attention to the fact that this week saw new all-time records for pork and hog prices. Iowa-Minnesota carcass prices averaged $106.30/cwt on Thursday. Lower-than-expected pork production and strong export demand are given credit for the hog price records. South Korea is suspending through September their tariff on chilled pork imports to counter high prices and short supplies caused as they fight a foot and mouth disease outbreak.
As seen on marketwatchonline.com
No comments:
Post a Comment