Pork Report

February 4, 2010

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Pork output last week declined 1.3% and was 5.2% less than a year ago. Hog slaughter this week is modestly better than last week. The January hog-feed price ratio was the highest in twenty-eight months indicating improved profitability for hog farmers. Still, pork production is anticipated to trend below 2009 levels throughout most of this year. The pork markets are mixed. History suggests that the pork belly market could edge upward during the next few weeks before turning lower. Higher ham prices may be pending.

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