Pork Report – May 2016

Pork Graph

Pork output last week rose 3.5% and was 5.3% better than the same week a year ago. Solid year over year gains in pork production are expected during the next several months which could limit seasonal price increases. China consumers, who account for roughly half of the world pork consumption, continue to face rising pork prices. The Chinese government could take steps to import more pork in the not-so-distant future. The belly markets have struggled during the last several weeks but higher prices could be forthcoming.

Product Description

Market Trend

Supplies

Price vs. Last Year

Live Hogs

Increasing

Ample

Lower

Sow

Increasing

Ample

Higher

Belly (bacon)

Decreasing

Good

Higher

Sparerib (4.25 lb & down)

Decreasing

Good

Lower

Ham (20-23 lb)

Decreasing

Good

Lower

Ham (23-27 lb)

Increasing

Good

Higher

Loin (bone in)

Increasing

Good

Lower

Baby Back Rib (1.75 lb & up)

Decreasing

Good

Higher

Tenderloin (1.25 lb)

Increasing

Good

Higher

Boston Butt, untrmd (4-8 lb)

Increasing

Good

Lower

Picnic, untrmd

Increasing

Good

Higher

SS Picnic, smoker trm. Box

Increasing

Good

Lower

42% Trimmings

Increasing

Good

Higher

72% Trimmings

Decreasing

Good

Lower