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The Pork Report: Hog Slaughter Totals Tumble, Lean Hogs Improve

| Updated: 03/23/2011

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Hog slaughter totals plummeted on Tuesday, tumbling 48,000 to 360,000. Lean hogs had a better day, increasing by $0.95 to $80.48 after falling for the last three days. Pork bellies remain unchanged at $106.00 for the twelfth consecutive day.

Grain futures were mixed, with corn, wheat and soybean oil improving by $0.11, $0.20 and $0.11 respectively. Soybean meal saw the biggest loss, sinking $4.70 to $383.40 following a four-day rally. Butt and rib made the greatest improvements of the primal values, increasing by $1.54 and 1.44 respectively. Loin was the only primal value to drop.

Swine Board

Futures Prices	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
Pork Bellies	106.00	106.00	106.00	106.00	106.00	0.00	Report
Corn	6.31	6.43	6.49	6.49	6.60	0.11	Report
Lean Hogs	81.13	80.30	79.53	79.53	80.48	0.95	Report
Wheat	7.71	7.84	7.73	7.73	7.93	0.20	Report
Soybeans	14.09	14.10	14.23	14.23	14.13	-0.10	Report
Soybean Meal	377.40	378.60	388.10	388.10	383.40	-4.70	Report
Soybean Oil	6.31	6.43	6.49	6.49	6.60	0.11	Report
Primal Cutout Values	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
Carcass	82.18	83.79	84.20	84.93	85.06	0.13	Report
Loin	93.30	97.99	97.52	100.53	99.90	-0.63	Report
Butt	92.05	93.01	92.43	92.79	94.33	1.54	Report
Pic	63.60	63.90	64.19	64.28	64.46	0.18	Report
Rib	134.94	137.48	139.70	140.18	141.62	1.44	Report
Ham	64.79	65.58	66.92	66.55	66.66	0.11	Report
Belly	108.43	108.34	108.34	108.34	108.48	0.14	Report
Loads	59	75	63	19	92	73	Report
Livestock Slaughter	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
Hogs	391,000	416,000	424,000	408,000	360,000	-48,000	Report
Cattle	126,000	119,000	128,000	123,000	125,000	2,000	Report
National Direct Prices: Barrows & Gilts (Carcass Basis)	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
National	71.10	72.79	72.60	72.49	73.24	0.75	Report
Iowa / Minnesota	71.89	73.47	73.42	73.46	74.27	0.81	Report
Western Cornbelt	71.60	73.37	73.32	73.12	74.20	1.08	Report
Eastern Cornbelt	70.42	72.08	71.78	71.78	71.82	0.04	Report
National Direct Prices: Barrows & Gilts (Live Basis)	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
National	55.46	57.03	56.95	56.50	55.74	-0.76	Report
Iowa / Minnesota	55.02	57.59	56.93	56.76	55.11	-1.65	Report
Western Cornbelt	54.56	57.51	56.68	56.70	54.77	-1.93	Report
Eastern Cornbelt	55.89	56.81	57.17	56.21	56.40	0.19	Report
U.S. Slaughter Sows	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
300-450 lbs	44.59	45.01	44.34	45.73	45.57	-0.16	Report
450-500 lbs	49.34	49.14	49.11	49.11	49.93	0.82	Report
500-550 lbs	50.57	51.12	50.88	50.57	50.84	0.27	Report
550 and up	51.55	51.29	50.88	51.71	51.89	0.18	Report
Volume By Purchase Type	Wed Jan 12	Thu Jan 13	Fri Jan 14	Mon Jan 17	Tue Jan 18	Change	Report
Negotiated	13,068	29,664	17,604	11,561	16,892	5,331	Report
Other Market Formula	32,456	26,572	23,236	23,274	19,693	-3,581	Report
Swine Or Pork MF	74,769	74,681	88,848	107,133	76,833	-30,300	Report
Other	41,705	37,452	64,465	62,151	35,239	-26,912	Report
Packer Sold	3,114	1,615	2,549	5,789	3,236	-2,553	Report

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The Pork Report: Hog Slaughter Totals Tumble, Lean Hogs Improve

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