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Pork Report
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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.

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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 |
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