- News & articels
- Forums & chat
- Market Reports
- Franchise Center
Rich’s® Menu Solutions Solutions that work for your menu. Count on Rich’s to help you serve great food that patrons love....Learn More
|Daily News:||All News | Subscribe|
Reports Home |
Beef, Veal, Lamb |
Weekly Pork Commentary
Trading levels for bone-in loins held steady through the week, although supplies were more than ample for the demand, and ended the week with the bottom side of the market significantly lower than the top. With most of the needs of retailers already met, prices for butts and spareribs free fell starting the middle of the week as packer inventories abounded. Processing cuts experienced a slow trading secession this week as holiday demand dried up early week. Additionally the release of the cold storage report on Tuesday showed huge freezer inventories for both hams and bellies. This allowed buyers to increase pressure on the ham complex on already weakening prices. Despite large belly freezer stocks, fresh bellies edged higher this week to fit buyer’s immediate needs. Trim items experienced roller coaster trading as demand for immediate shipments drove prices higher than this complex could sustain. By mid-week, offerings and near nil demand caused prices to nosedive.
The Pork Report for May 26, 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.