Pork Report

July 2, 2009

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The June 1st US total hog and pig inventory was 2% smaller than a year ago. The June 1st swine breeding herd was 2.7% smaller than 2008 and the least for any date in 4 years. The impact of fewer hogs on pork production may be mitigated in the coming months, however, as pig per litter yields may continue to trend notably above prior year levels. The pork markets remain fairly depressed due in a large part to slowed export sales. The sparerib market is trending lower. Last year, sparerib prices declined 15% during the next 2 weeks.

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