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Weekly Pork Commentary
Trading levels for retail pork cuts were lower throughout the week as many buyers suffered from post-holiday indigestion. This, along with ramped up harvest rates, forced sellers to move excess loads daily. Post-holiday demand for processor cuts was mostly light throughout the session as day to day trading was sluggish. At the same time, heavy bone-in ham price levels remained steady while lighter weight hams garnered a premium. Although, by week’s end heavy ham price levels firmed slightly on just a few loads. Seedless bellies experienced no trading for the second week in a row as market based orders developed along with increased freezer interest. Lean trimmings readily traded early which pushed price levels lower before settling the week unevenly steady however, a slight uptick was noted. Fat trim experienced ample offerings which pressured prices lower. However, once the surplus cleared the market price levels rebounded. Boneless picnic price levels firmed in response to increased demand and slightly lighter offerings for the negotiated market. Fresh loins weak to 6.00 lower; butts 2.00 lower; spareribs 1.00-7.00 lower; skinned hams 17-20 lbs. no test, 20-23 lbs. 3.00 higher from previous quote, 23- 27 lbs 2.00 higher; sdls bellies 14-16 lbs not established; 42% trimmings unevenly steady; 72% trim unevenly steady; bnls picnics 3.00 higher. The composite cutout value of 53-54% 200 lbs. hog carcass was estimated at 89.30 per cwt. dn 0.47 from last Friday.
The Pork Report for December 3, 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.