Pork Report

Pork- Pork production last week rose 2.1% but was 3.6% less than last year.  The USDA is forecasting 2009 first quarter pork output to be 1.7% less than 2008’s large production but still be notably higher (9.7%) than the same time period in 2007.  The USDA pork cutout is trading in somewhat of a sideways pattern.  History suggests that the pork cutout should remain in the $55 to $65 range through the first part of April.  Cyclical charts indicate that the baby back rib market may move modestly higher during the same time period. 

 

Market Trend

Supplies

Price vs. Last Year

Live Hogs

Decreasing

Good

Higher

Belly (bacon)

Increasing

Good

Lower

Spare Rib (4.25 & down)

Increasing

Good

Lower

Ham (23-27 lb)

Steady

Good

Higher

Loin (bone-in)

Decreasing

Good

Higher

Baby Back Rib (1.75 & up)

Steady

Good

Higher

Tenderloin (1.25 lb)

       Increasing

Good

Lower

Boston Butt, untrimmed 4-8 lb.

Decreasing

Good

Lower

Picnic, untrimmed

Increasing

Good

Lower

SS Picnic, smoker trim boxed

Increasing

Good

Higher

42% Trimmings

Decreasing

Good

Steady

72% Trimmings

Increasing

Good

Lower