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Beef, Veal, Lamb |
Weekly Pork Commentary
With the decline in the ham market and no relief in the hog markets, packers were forced to increase the value of retail cuts this week. Both loins and butts saw prices move higher throughout the week as demand was more than adequate for mostly light offerings. Spareribs remained steady with wide price spreads. Skinned bone-in hams reached the end of the Easter run this week as price levels responded accordingly, while sellers offered and took less for both bones-in and boneless hams in an effort to keep ahead of any backlog. Conversely, export interest was very light as the Lenten season sparked interest in other proteins. Seedless bellies remain scarce for the spot market even though price levels loom close to the all-time record high prices, while most trades continue to be market base. Lean trimmings experienced ample offerings going into the week, however as most packers cleared their surplus others found themselves unable to, which resulted in a two-tiered market as price levels waivered.
The Pork Report for April 9, 2011
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.