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Beef, Veal, Lamb |
Weekly Pork Commentary
The trend of higher values for retail pork cuts continued this week as buyers tried to meet their needs for the upcoming holidays. Trading levels for almost all cuts moved in this direction as supplies were mostly limited, but adequate enough to not have a price explosion. Moderate offerings for bone-in hams this week forced price levels lower daily as buyer’s bought at a steady pace. Boneless ham price levels were sharply lower as moderate to heavy offerings flooded the market while buyer interest was light to moderate. Seedless bellies experienced light demand and offerings while only a few loads were available to trade for the spot market, this caused price levels to inch higher. Demand from foodservice has kept slicers production lines running at a steady pace. Offerings for lean trim were mostly light this week, but in spite of this, price levels hovered around previous levels not really advancing for these lighter offerings. On the other hand, fat trim was just the opposite with mostly heavy offerings while prices deteriorated. Several large packages moved as buyers renewed frozen inventories.
The Pork Report for December 18, 2010
Note: The pricing below is USDA commodity and/or wholesale pricing. It should be used as a guide to monitor market conditions and is not in any way comparable to distributor invoice pricing.