Pork Report

Pork- Pork output last week declined 1.4% and was 3.5% less than a year ago.  The hog-feed price ratio during October was the lowest since January suggesting poor margins for hog farmers during the month.  However, hog and pork markets have mostly been strengthening as of late and recent sow prices suggest that breeding herd contracting may be slowing.  Still, pork production is anticipated to trend below previous year levels throughout the next year.  The ham market could top relatively shortly. 

 

 

 

Market Trend

Supplies

Price vs. Last Year

Live Hogs

Increasing

Good

Lower

Belly (bacon)

Increasing

Good

Higher

Spare Rib (4.25 & down)

Steady

Good

Lower

Ham (23-27 lb)

Increasing

Good

Higher

Loin (bone-in)

Decreasing

Good

Lower

Baby Back Rib (1.75 & up)

Decreasing

Good

Lower

Tenderloin (1.25 lb)

Decreasing

Good

Lower

Boston Butt, untrimmed 4-8 lb.

Increasing

Good

Higher

Picnic, untrimmed

       Increasing

Good

Lower

SS Picnic, smoker trim boxed

Increasing

Good

Same

42% Trimmings

Steady

Good

Lower

72% Trimmings

Increasing

Good

Lower