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Strong Demand Props Up Pork Prices

2013-06-24 22:15:00| National Hog Farmer

By Kent Bang, AgStar Financial Services, ACA, Omaha, NE As the second quarter of 2013 comes to a close, pork demand at the wholesale level has marked significant improvement and provided much needed margins for pork production operations. Although wholesale prices were expected to improve seasonally in June, prices have increased significantly over year-ago values in all pork primals with the exception of loins and spareribs, increasing the composite cutout value by nearly 15% compared to June 2012. The increase in pork belly prices has been nothing short of phenomenal. Belly primal value in late June equated to $58.07/head compared to $39.04/head a year ago, adding $19.03/head to the wholesale value of pork carcasses, year over year. read more

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