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The Pork Report: Lean Hogs Jump, Slaughter Total Ends Slump

| Updated: 03/23/2011

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Lean hogs jumped on Wednesday, increasing $1.15 to $81.13. Hog slaughter ended its three-day slump after increased 25,000 to 416,000. All grains improved, with soybean meal being the biggest gainer with an $18.20 spike.

The pork bellies continued on its steady streak, remaining firm at $106.00 for the eighth consecutive day. Pork bellies are just $0.50 below the 27-day high. Loin, butt and ham each dipped, falling $1.78, $0.35 and $0.04 respectively. The pork carcass value increased by $1.00.

Swine Board

Futures Prices	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
Pork Bellies	106.00	106.00	106.00	106.00	106.00	0.00	Report
Corn	6.02	5.95	6.07	6.07	6.31	0.24	Report
Lean Hogs	79.78	79.43	79.70	79.98	81.13	1.15	Report
Wheat	7.89	7.74	7.67	7.60	7.71	0.11	Report
Soybeans	13.70	13.58	13.73	13.51	14.09	0.58	Report
Soybean Meal	365.20	359.10	366.80	359.20	377.40	18.20	Report
Soybean Oil	6.02	5.95	6.07	6.07	6.31	0.24	Report
Primal Cutout Values	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
Carcass	78.14	78.55	79.66	81.18	82.18	1.00	Report
Loin	89.81	88.35	90.02	95.08	93.30	-1.78	Report
Butt	84.11	85.25	89.81	92.40	92.05	-0.35	Report
Pic	61.25	61.21	62.24	62.37	63.60	1.23	Report
Rib	129.03	130.56	134.12	133.27	134.94	1.67	Report
Ham	64.01	65.05	64.84	64.83	64.79	-0.04	Report
Belly	98.40	100.45	100.45	100.45	108.43	7.98	Report
Loads	109	58	72	70	59	-11	Report
Livestock Slaughter	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
Hogs	424,000	416,000	396,000	391,000	416,000	25,000	Report
Cattle	127,000	120,000	119,000	126,000	119,000	-7,000	Report
National Direct Prices: Barrows & Gilts (Carcass Basis)	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
National	70.99	70.52	70.27	70.79	71.10	0.31	Report
Iowa / Minnesota	71.90	70.67	70.59	71.50	71.89	0.39	Report
Western Cornbelt	71.58	70.52	70.45	71.40	71.60	0.20	Report
Eastern Cornbelt	70.29	70.52	70.01	70.27	70.42	0.15	Report
National Direct Prices: Barrows & Gilts (Live Basis)	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
National	55.01	54.31	54.57	5.94	55.46	49.52	Report
Iowa / Minnesota	55.22	53.34	54.69	56.21	55.02	-1.19	Report
Western Cornbelt	55.18	53.42	54.59	56.21	54.56	-1.65	Report
Eastern Cornbelt	54.77	54.60	54.56	55.62	55.89	0.27	Report
U.S. Slaughter Sows	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
300-450 lbs	45.21	43.94	43.86	44.84	44.59	-0.25	Report
450-500 lbs	49.35	49.20	49.68	49.20	49.34	0.14	Report
500-550 lbs	50.52	50.66	51.21	51.08	50.57	-0.51	Report
550 and up	51.74	51.69	51.65	52.72	51.55	-1.17	Report
Volume By Purchase Type	Thu Jan 06	Fri Jan 07	Mon Jan 10	Tue Jan 11	Wed Jan 12	Change	Report
Negotiated	16,739	11,590	13,673	16,383	13,068	-3,315	Report
Other Market Formula	19,291	20,695	40,715	19,435	32,456	13,021	Report
Swine Or Pork MF	67,735	87,564	72,770	73,647	74,769	1,122	Report
Other	36,529	66,323	57,990	27,387	41,705	14,318	Report
Packer Sold	2,494	2,380	5,365	3,961	3,114	-847	Report

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The Pork Report: Lean Hogs Jump, Slaughter Total Ends Slump

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