US - There’s not a lot of mystery as to why hog prices are weak: There are LOTS of hogs out there! What is more, the price impacts are pretty much on line with those supply gains. Last week’s FI slaughter run was 2.14 million head, 13.5 per cent more than last year’s porcine epidemic diarrhea virus-shortened 1.886 million. It was also 9.8 per cent higher than the same week in 2013. The mark is prices that have run 30-35 per cent lower than last year. That multiple of 2.5 to 3 fits reasonably well with what we know about the elasticity of hog demand. It’s clear that the prices we are witnessing are right in line with what we would expect.
美国——生猪价格为什么疲软?没有很多的神秘:猪太多!更重要的是，价格冲击和供给收益非常具有一致性。上周的FI屠宰量214万头，比去年因猪流行性腹泻缩减的188.6万多13.5%。它也比2013年同期高出9.8%。价格比去年低30 %- 35%，猪的弹性需求为2.5到3的倍数，和我们知道的相吻合。很明显，我们现在看到的价格是符合我们期望值的。