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Pork demand softens for a period

The retail demand for pork is in a soft period in the window between Father’s Day and the Fourth of July, but that may be improving with the strong load count on Tuesday, said Matthew Strelow of Total Farm Marketing. Hog slaughter was estimated at 468,000 head on Tuesday, steady with last week, but 6,000 behind last year.

While the cattle market traded well up from last week’s low, August cattle is still trading at a significant discount to the cash market, according to The Hightower Report.

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Boxed beef cutout values this afternoon were lower on Choice and Select, the USDA said.

Boxed beef cutout values this afternoon were lower on both Choice and Select, the USDA said.

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