Pork Market Report – March 2016

Pork Graph

Pork output last week declined 3.7% and was 2.9% less than the same week last year. Despite this, the USDA index of pork prices, the pork cutout, declined 1% to a five week low. Pork production is anticipated to seasonally decline during the next several months which should underpin the pork markets. However, any pork market appreciation this spring and summer could be tempered by consumers seeking alternative proteins, especially beef. Ham prices may remain engaging in the near term due to the early Easter this year.

Product Description Market Trend Supplies Price vs. Last Year
Live Hogs Increasing Ample Lower
Sow Decreasing Ample Higher
Belly (bacon) Increasing Good Higher
Sparerib (4.25 lb & down) Increasing Good Higher
Ham (20-23 lb) Increasing Good Lower
Ham (23-27 lb) Decreasing Good Lower
Loin (bone in) Decreasing Good Lower
Baby Back Rib (1.75 lb & up) Increasing Good Higher
Tenderloin (1.25 lb) Decreasing Good Lower
Boston Butt, untrmd (4-8 lb) Decreasing Good Lower
Picnic, untrmd Decreasing Good Lower
SS Picnic, smoker trm. Box Decreasing Good Lower
42% Trimmings Increasing Good Lower
72% Trimmings Decreasing Good Higher

 

Market Report provided by:

American Restaurant Association ∙ www.americanrestaurantassociation.com
PO Box 51482, Sarasota, FL 34232 ∙ 941-379-2228