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Pork- Pork production last week rose 1.5% but was 4.4% smaller than last year. Pork output is forecasted to continue to build over the next few months which should influence many of the pork markets downward. Still, pork production is anticipated to trend below 2009 levels this fall. Hog producer margins have been solid which is expected to cause pork output to climb above 2010 levels later next year. Pork belly supplies remain critically short but will improve shortly. Lower pork belly prices are likely forthcoming.

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Market Trend |
Supplies |
Price vs. Last Year |
Live Hogs |
Decreasing |
Good |
Higher |
Belly (bacon) |
Steady |
Good |
Higher |
Spare Rib (4.25 & down) |
Decreasing |
Good |
Higher |
Ham (23-27 lb) |
Increasing |
Good |
Higher |
Loin (bone-in) |
Decreasing |
Good |
Higher |
Baby Back Rib (1.75 & up) |
Decreasing |
Good |
Lower |
Tenderloin (1.25 lb) |
Decreasing |
Good |
Higher |
Boston Butt, untrimmed 4-8 lb. |
Decreasing |
Good |
Higher |
Picnic, untrimmed |
Increasing |
Good |
Higher |
SS Picnic, smoker trim boxed |
Decreasing |
Good |
Higher |
42% Trimmings |
Decreasing |
Good |
Higher |
72% Trimmings |
Increasing |
Good |
Higher |
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