The Pork Report: Lean Hogs Improve While Grains Struggle

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Lean hogs improved again, up $1.75 to $79.78. Corn, wheat and soybeans tumbled Thursday as the Iowa/Minnesota live basis for barrow and gilts climbed by $0.80 to $54.23. Pork bellies were once again unchanged for the fourth consecutive day.

Livestock slaughter total for both hogs and cattle jumped by 3,000, increasing to 424,000 and 127,000 respectively.

Rib was the biggest gainer of the primal cutouts on Thursday, advancing by $2.47 to $127.98. Picnic and ham prices dropped by $0.02 and $0.06, and the pork loads plummeted by 90 to 53. Pork butt, loin and belly continued their upward trends.


Swine Board
 

Futures PricesThu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
Thu
Jan 06
ChangeReport
  Pork Bellies106.50106.00106.00106.00106.000.00Report
  Corn6.296.216.096.196.02-0.17Report
  Lean Hogs79.7577.9877.3078.0379.781.75Report
  Wheat7.948.067.898.087.89-0.19Report
  Soybeans13.9413.7013.6113.8613.70-0.16Report
  Soybean Meal370.30365.70364.70369.30365.20-4.10Report
  Soybean Oil6.296.216.096.196.02-0.17Report
Primal Cutout ValuesWed
Dec 29
Thu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
ChangeReport
  Carcass76.8177.6377.8777.4677.950.49Report
  Loin86.6388.1388.6486.7287.751.03Report
  Butt82.5682.2481.9181.4082.591.19Report
  Pic62.0662.0659.9161.0060.98-0.02Report
  Rib125.21125.21125.89125.51127.982.47Report
  Ham65.5666.1866.3466.3566.29-0.06Report
  Belly94.2496.1998.2098.3098.400.10Report
  Loads69306114353-90Report
Livestock SlaughterThu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
Thu
Jan 06
ChangeReport
  Hogs426,000279,000422,000421,000424,0003,000Report
  Cattle130,00050,000127,000124,000127,0003,000Report
National Direct Prices: Barrows & Gilts (Carcass Basis)Wed
Dec 29
Thu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
ChangeReport
  National71.4071.3069.9669.4971.221.73Report
  Iowa / Minnesota73.5072.1670.0969.7772.092.32Report
  Western Cornbelt73.2272.0870.0469.5271.782.26Report
  Eastern Cornbelt69.7570.1569.8769.4070.791.39Report
National Direct Prices: Barrows & Gilts (Live Basis)Wed
Dec 29
Thu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
ChangeReport
  National53.3154.3754.0653.6754.160.49Report
  Iowa / Minnesota53.7054.3653.8953.4354.230.80Report
  Western Cornbelt53.0654.2654.4753.3753.820.45Report
  Eastern Cornbelt53.7354.4253.8754.0654.410.35Report
U.S. Slaughter SowsThu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
Thu
Jan 06
ChangeReport
  300-450 lbs45.2343.9446.3045.5145.21-0.30Report
  450-500 lbs49.3048.1849.7049.6449.35-0.29Report
  500-550 lbs50.5651.3951.0750.6050.52-0.08Report
  550 and up53.3752.2052.7850.9151.740.83Report
Volume By Purchase TypeThu
Dec 30
Mon
Jan 03
Tue
Jan 04
Wed
Jan 05
Thu
Jan 06
ChangeReport
  Negotiated21,92312,68715,75124,00516,739-7,266Report
  Other Market Formula15,09322,81612,53515,03519,2914,256Report
  Swine Or Pork MF61,95371,64669,59574,26267,735-6,527Report
  Other42,25077,75535,23339,77536,529-3,246Report
  Packer Sold3,8175,5442,0142,2142,494280Report


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