Pork output last week rose 4.5% and was 2% larger than the same week a year ago. The USDA is forecasting first and second quarter 2016 pork production to be just 1% bigger than last year but still record large. Pork output will seasonally decline in the coming months. Ham prices found support earlier this month due to Easter holiday processing demand. However, the Easter holiday is early this year. The last three times Easter was before April 1st, the ham markets peaked in mid-February and then moved sharply downward.
Product Description | Market Trend | Supplies | Price vs. Last Year |
Live Hogs | Increasing | Ample | Higher |
Sow | Increasing | Ample | Higher |
Belly (bacon) | Increasing | Good | Higher |
Sparerib (4.25 lb & down) | Increasing | Good | Higher |
Ham (20-23 lb) | Decreasing | 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) | Increasing | Good | Higher |
Boston Butt, untrmd (4-8 lb) | Increasing | Good | Lower |
Picnic, untrmd | Decreasing | Good | Lower |
SS Picnic, smoker trm. Box | Increasing | Good | Lower |
42% Trimmings | Decreasing | Good | Lower |
72% Trimmings | Decreasing | Good | Higher |
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