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Beef, Veal, Lamb |
Weekly Pork Commentary
Pork carcass cutout values hovered in around the record range throughout the week, but couldn’t quite get there. Bone-in loins lent support as supplies were relatively light and demand for post-holiday ads increased. Alternatively, abundant supplies of boneless loins put pressure on the loin primal value as packers looked for bids with few buyers interested. Trading levels for Boston butts stayed around steady money, but more than adequate supplies weighed on the market. Bone-in ham price levels advanced slightly this week with just a few loads being offered while demand and offerings remained light as buyers had good bought position. Along with that, most processors had a backlog of boneless to sell; this kept bone-in ham price levels in check. After a three week hiatus, seedless bellies traded on the spot market as price levels responded lower in an effort to move a few loads of surplus. Bacon slicers have reduced slicing operations slightly as retail orders for bacon tapered off while consumers balk at these higher levels. At the same time, cheaper protein alternatives along with higher fuel prices compete for the consumer’s dollar. Lastly, trim items became burdensome for a few sellers who reduced price levels for all sausage materials in order to keep them moving through the pipeline. Overall, the trim complex experienced ample offerings to meet demand while price levels were slightly lower.
The Pork Report for April 23, 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.