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. 

 

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