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Beef, Veal, Lamb |
Weekly Pork Commentary
Pork packers tried to maintain margins by raising prices for retail pork cuts this week as weakness was noted for some processor cuts. This rally was short lived and only moved prices slightly higher for a couple of days due to reduced demand and ample offerings as it was the beginning of the Lenten Season for some religions. By weeks' end most trading levels retreated to where they began the week. Demand for bone-in and boneless ham was light as red meat had to compete with other more popular proteins for the upcoming season while offerings were light to moderate. Most processors hesitated to procure raw hams as their orders were limited. Seedless bellies experienced mostly moderate offerings which pressured price levels lower as buyers readily bought to replenish their frozen inventories. At the same time, demand and offerings for lean trim was light to moderate while price levels remained steady.
The Pork Report for February 25, 2012
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.