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Beef, Veal, Lamb |
Weekly Pork Commentary
The pork carcass cutout dipped midweek to levels last noted in November of 2010 due to weakness in the belly market and little upward potential for most of the other cuts. A carryover of demand and offerings from last week caused prices for retail pork cuts to be mostly stagnant for the week as there was little to no give on either side of the trade. This week saw seedless belly prices drop substantially as heavy offerings finally caught up to a pipeline which was overflowing with both raw product and finished bacon. Also, there was less bacon being offered at the retail level such as by one get one type features. Even still, freezer interest came to a halt as most have reached near capacity. Thus, the additional loads being offered on the market which pressured price levels lower. Consumer’s dollars are only stretching so far as they seek out cheaper protein alternatives. On the up side, bone in hams and credit items like trimmings experienced light to moderate offerings as increased demand pushed these price levels slightly higher which helped to stabilize the cutout.
The Pork Report for April 21, 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.