date:Jun 26, 2015
nds were 43.8 per cent higher than a year ago and 34.4 per cent higher than the five year average.
The pork cutout will need stronger ham prices if it is to rally in the next two months. We view current ham stocks as bearish for the pork complex overall.
Pork belly inventories are now under year ago levels, which should help support prices for this item going into the summer, when retail demand improves.
Inventories of pork trimmings, which were running heavy in the last three months, have st