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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.

Origin Price Price (Week Prior) Price (Year Prior)
53-54% Lean; 0.65"-0.80" Backfat @ Last Rib n/a 0.77 0.78 0.96
Belly, Sdls, Skin-On, Trimmed, 12-14# n/a 0.91 0.98 1.50
Belly, Sdls, Skin-On, Trimmed, 14-16# n/a 0.91 0.98 1.50
Belly, Sdls, Skin-On, Trimmed, 16-18# n/a 0.91 0.98 1.50
Belly, Sdls, Skin-On, Trimmed, 18-20# n/a 0.93 1.05 n/a
Butt, 1/4" Trim 5-10# n/a 1.07 1.08 1.21
Butt, 1/8" Trim Steak Ready 5-10# n/a 1.23 1.25 1.39
Butt, Boneless n/a 1.17 1.18 1.32
Composite Primal Belly Value n/a 0.91 1.02 1.48
Composite Primal Butt Value n/a 0.92 0.93 1.05
Composite Primal Ham Value n/a 0.57 0.54 0.72
Composite Primal Loin Value n/a 0.96 0.95 1.05
Composite Primal Picnic Value n/a 0.52 0.50 0.73
Composite Primal Sparerib Value n/a 1.38 1.40 1.44
Fresh 42% Combo n/a 0.44 0.34 0.58
Fresh 72% Combo n/a 0.49 0.49 0.86
Fresh Trim,Visual Trace Of Lean, 12-16% Combo n/a 0.36 0.31 0.48
Ham, Boneless 94-96%, 4 Muscle Group n/a 1.12 1.12 1.25
Ham, Boneless 94-96%, 5 Muscle Group n/a 1.10 1.05 1.21
Ham, Bone-In, Trimmed 20-23#, Trim Spec 1 n/a 0.63 0.62 0.79
Ham, Bone-In, Trimmed 23-27#, Trim Spec 1 n/a 0.63 0.62 0.75
Loin 1/4 Center Cut, Boneless Strip Off n/a 1.70 1.65 1.85
Loin 1/4" Cntrcut, Bnls Strp-On, 10-11 Rib 5-11# n/a 1.53 1.52 1.70
Loin 1/4" Cntrcut, Tndr-In, Flo, 10-11 Rib 8-13# n/a 1.60 1.58 1.65
Loin Backrib, 2.0/Up# Boxed Fresh n/a 2.98 2.92 2.85
Loin, Blade Ends 2-4# n/a 0.92 0.80 0.94
Loin, Boneless Sirloin .75-1.5# n/a 1.26 1.22 1.24
Loin, Bone-In Sirloin 2.5-3.5# n/a 0.87 0.84 0.95
Loin, Bone-In, 1/4" Trim 21#/Dn-Lgt n/a 1.20 1.20 1.31
Loin, Bone-In, 1/8" Trm/Less 21#Dn-Lgt n/a 1.31 1.32 1.42
Loin, Tenderloin 1.25/Dn# n/a 2.88 2.76 2.68
Picnic, Boneless, Fresh 72% Combo n/a 0.72 0.70 0.94
Picnic, Cushion Meat, Fresh 92% Boxed n/a 1.07 1.07 1.25
Picnic, Smoker Trim, Regular Shank, Combo n/a 0.57 0.56 0.80
Picnic, Smoker Trim, Short Shank, Boxed n/a 0.75 0.74 0.98
Picnic, Smoker Trim, Short Shank, Combo n/a 0.62 0.60 0.85
Sparerib, 2/Bag, 3 Bags Pcvac 4.25/Up#-Med n/a 1.46 1.49 1.52
Sparerib, 3/Bag, 3 Bags Pcvac 4.25/Dn#-Lgt n/a 1.53 1.55 1.58
Sparerib, 4.25/Dn#-Lgt, Combo n/a 1.44 1.40 n/a












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