Weekly Market Reports

Pork Report for the week of August 30, 2010

Product Market Report

Pork production last week rose 4.2% but was still 7.7% less than the same week a year ago. Pork output is projected to build in the coming weeks which eventually should be bearish for pork prices. June US pork exports were 19% more than the prior year. Mexico will institute a 5% tariff on all imports of US pork which could slow trade with the country. Usually the ham market peaks in the next week or two and then moves downward. Pork belly stocks are extremely limited but should improve next month.