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Pork Report
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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.
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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 |
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