031037 Weekly Hog Price Summary

Cash hog prices at terminal markets this Friday morning were $0.75 higher to $0.75 lower compared to 7 days earlier. Top prices Friday morning at select markets were: Peoria $36 per cwt, St. Paul $37, Sioux Falls $37.25 and Interior Missouri $34.75.

USDA estimated Federally Inspected slaughter this week at 2.118 million head - up 4.6 percent from the same week in 2002. Slaughter for the first 3 weeks ending in October at 6.251 million head - up 3.6 percent from a year earlier and a record high for these 3 weeks.

Average weighted prices for 185# carcasses with 0.9 - 1.1" back fat 6 square inch loin 2" deep were $0.16 higher to $0.60 lower this Friday morning compared to 7 days earlier. The weighted average carcass prices by area were: western Cornbelt $52.53 per cwt, eastern Cornbelt $51.89, nation $52.18 and Iowa- Minnesota $52.23.

Prices for wholesale pork products this week were mixed from last week but the total carcass was higher this Friday than last week. Loins with 1/4" trim last Friday at $104.50 per cwt were up $4.50 per cwt, boston butts at $80.22 per cwt --- up $10.22 per cwt, 17-20# hams at $58.50 per cwt - up $3.50 per cwt and 12-14# bellies at $82.50 per cwt - down $4.50 per cwt with all prices compared to 7 days earlier. We may be getting substantial help from the yield 3 choice beef at above $200 per cwt in the box. Select yield 2-3 beef at noon this Friday was at $178.84 per cwt wholesale --- up $33.50 per cwt from a week earlier.

Cash feeder pig prices this week at United Tel-o-auction were up to $10 per cwt lower than two weeks earlier. The price ranges for different weight groups were: 40-50# $72-82 per cwt, 60-70# $66.50 and 70- 80# $66.50.

Source: AgWeb.com

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