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Beef, Veal, Lamb |
Weekly Pork Commentary
As temperatures warmed across the country demand for pork cuts cooled off again this week. The carcass cutout value fell below $83 for the first time since early January a year ago with little reprieve in sight. Trading levels for bone-in loins were mostly steady throughout the week while boneless cuts remained under price pressure as demand was mixed. The dollar values of butts and spareribs fell throughout the week as packers were nagged by excess inventories and buyer interest was ho-hum. Bone-in ham price levels retreated slightly this week mostly on the heavier weights as these were more plentiful, while lighter weight ham offerings were similar to the last session and prices were unchanged. Packers are boning at near capacity which has created a backlog of boneless forcing them to sell at a discount. Seedless bellies along with lean trim experienced moderate to heavy offerings as buyers of both balked in their procurement of raw product due to limited orders for end items like bacon and sausage.
The Pork Report for March 17, 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.