The average weight of hog carcasses on March 18 throughout the nation was 209.45 pounds. That figure represents a decrease of 1 percent since January 7. The early January figures were the commodity's heaviest weight since 2002, according to data from the U.S. Agriculture Department. Furthermore, demand for the meat is seasonal.
"Demand continues to build" in anticipation of April 1, the beginning of season for grilling in the U.S., Don Roose, president of U.S. Commodities in West Des Moines, Iowa. "The weights are also starting to seasonally fall."
During the past year, prices for wholesale pork have increased 26 percent. During the past five sessions, hog futures have increased more than 7 percent, representing the biggest rally since August.
Shortly after 12:30 p.m. on Wednesday, pork futures were down 0.74 percent, a 0.0075 cent decrease to $1.007 per pound. Cattle futures slipped 0.79 percent, a 0.009 cent reduction to $1.1295 per pound.
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