040204 Weekly Hog Price Summary

February 13, 2004 (Based on price data compiled and reported by University of Missouri livestock economist, Glenn Grimes) - Terminal cash hog prices this Friday morning were $0.50 to $3.00 higher compared to a week earlier. Top live prices Friday morning at select markets were: Peoria $41.50 per cwt, St. Paul $41.50 per cwt and interior Missouri $44.50.

Dressed prices for 185-pound carcasses with 0.9-1.1 inch-back-fat 6 sq.-inch-loin 2 inches deep by area were up $1.89 to $4.47 from a week earlier. These prices by area for Friday morning were: western Cornbelt $61.24 per cwt, eastern Cornbelt $62.76 per cwt, Iowa-Minnesota $61.47 per cwt and nation $62.00 per cwt.

Pork product prices this Friday were steady to higher from 7 days earlier even with a slaughter at 1954 thousand head --- up 1.7% from a week earlier and up 2.2% from a year earlier. Loins with a quarter-inch trim at noon Friday were $128.33 per cwt --- up $5.83 per cwt for the week. Boston butts with a quarter- inch trim were at $79 per cwt at noon Friday up $8.00 per cwt, 17-20 pound hams were $55 per cwt compared to $54 per cwt a week earlier and 14-16 pound bellies were $93 per cwt compared to $93 per cwt 7 days earlier. These higher loin prices may be due to strong export demand.


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