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Beef, Veal, Lamb |
Weekly Pork Commentary
Retail pork cuts traded at mostly steady prices throughout the week in spite of the increase in the slaughter pace. Demand, both in the states and abroad, supported current trading levels. Bone-in ham supplies were more than adequate to meet demand which caused price levels to slide. Although mid- week price levels stabilized, a two-tiered market prevailed. Along with this, export interest increased slightly which limited availability for the domestic ham market. Seedless bellies which had not traded in nine consecutive sessions did late week as offerings were mostly light while interest from bacon slicer’s improved late causing price levels to firm. Offerings for lean trimmings remained light as prices firmed throughout the week. This was mostly due to demand from the fast food industry preparing to offer a special seasonal sandwich. Fat trim was just the opposite as moderate to heavy offerings pushed price levels lower. Boneless picnics experienced better demand and lighter offerings as just a few trades late in the week pushed price levels higher.
The Pork Report for October 1, 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.