Julianne Johnston

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But index remains above important 100-point level.
Index rises to highest level of the year.
Both beef and pork exports in the third quarter remain ahead of last year’s record-setting pace.
Canada has discontinued its October hog report.
But beef and pork exports in terms of value continue above year-ago levels.
Index signals expansion in industry, which is good for red meat demand.
Rising feed costs are increasing herd liquidation, raising pork production to levels that is stressing pork cutout values.
Beef exports in July largest of the year.
USDA says slaughter data suggests sow slaughter has not been significant.
Beef production came in 1% below year-ago.