Pork Report

Pork- Pork production last week declined .3% and was 1.2% less than the same week a year ago.  Due to slowing pork demand, pork packers are expected to slow slaughter over the next few weeks which could help stabilize the pork markets.  September US pork exports were close to the previous year and historically large.  China recently announced that they will restart pork imports from the US which should facilitate trade.  September US ham exports to Mexico were a whopping 76% larger than 2008. 

 

 

 

Market Trend

Supplies

Price vs. Last Year

Live Hogs

Decreasing

Good

Higher

Belly (bacon)

Increasing

Good

Higher

Spare Rib (4.25 & down)

Increasing

Good

Higher

Ham (23-27 lb)

Decreasing

Good

Higher

Loin (bone-in)

Increasing

Good

Lower

Baby Back Rib (1.75 & up)

Decreasing

Good

Lower

Tenderloin (1.25 lb)

Increasing

Good

Lower

Boston Butt, untrimmed 4-8 lb.

Increasing

Good

Lower

Picnic, untrimmed

Increasing

Good

Higher

SS Picnic, smoker trim boxed

Increasing

Good

Higher

42% Trimmings

Decreasing

Good

Higher

72% Trimmings

Increasing

Good

Higher