Finally $100/cwt hogs

Last week we finally had hog carcass prices averaging over $100/cwt. The futures market has been forecasting $100 prices for some time. Last year June, July, August and September each averaged over $100/cwt.Hog slaughter has been near year-ago levels. Recent hog slaughter has been slightly higher than implied by the June market hog inventory. U.S. hog slaughter over the last 8 weeks (since the beginning of June) has been up 0.76% year-over-year. The heavy weight market hog inventory in the June