Wholesale pork prices have shown an upward trend

Wholesale pork prices this week showed a rising trend, the trend is also reflected in the dynamics of futures on the Chicago Mercantile Exchange (CME).

While the pork tenderloin was trading about 10 percent lower than the yearly highs reached in late June futures were supported by high prices for a number of pork cuts and offal, CME analysts write Steve Meyer and Len Steiner. A particularly positive for hog futures for the coming months was the fact that the cutting strengthened the position, despite a decline in the price of pork bacon. As noted earlier, the growth of prices for bacon has become a major cause of the dramatic increase in the cost of pork tenderloin and hog prices this spring and early summer.

At some point, the growth of prices for bacon was as much as 90 percent of the total increase in the cost of pork tenderloin. More recently, however, the success of cuttings were somewhat more balanced. 23 July pork tenderloin trading at 99.65 $ / cwt, up $ 6.97 / cwt (eight per cent) compared to last year. The rate of growth in prices for pork bacon, however, remain an important factor to increase by about 3.64 $ / cwt (annualized) price pork tenderloin. However, at the moment one of the main "contributors" in the price increase pork tenderloin was the increase in prices for ham.

One factor that will be different this year from last year, is the supply of pork on the market in August and September. Last year, a sharp increase in feed costs forced the manufacturers to accelerate the sale of pigs fall, pushing the price of pigs and pork sharply down. This year, it seems that the most likely market sales will take place in the framework of a more conventional model. Unknown is the impact that has had on the virus PED delivery of pigs to the market, as this may further limit the supply of pigs and pork in the short term.

It is likely that the volume of supplies is likely to be more severe in August and September than a year ago. However, the greater weight of commercial pigs will offset the decline in the face. Average weights are currently amount to about 203 pounds (97.1 kg) carcass weight, which is 1.5 percent higher than a year ago.

is expected in early August figures are weighted about 202 pounds (201 pounds last year), and then begin to rise rapidly in September and October. Prices of ham was high so far, but they may face some pressure due to the seasonal decline in demand, which will cause the price of pork a little retreat. In addition, stocks of ham in cold storage were higher than a year ago, and it's one of the few elements that showed an increase over the previous year.

demand for pork bacon is a real wild card market. Stocks of small bacon. It is not unusual, as only a few manufacturers are not averse to stock, at the time, as most prefer to enjoy the profits from the current record high prices.

on materials meatinfo.ru