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Pork Outlook Report - February 2003

by 5m Editor
28 February 2003, at 12:00am

By U.S.D.A., Economic Research Service - This article is an extract from the February 2003: Livestock, Dairy and Poultry Outlook Report, highlighting Global Pork Industry data.

Overview





Hog slaughter in January exceeded earlier expectations, and it now appears that first-quarter slaughter may be about 1 percent above last year.

With the higher slaughter, the national base cost for 51-52 percent lean hogs (live equivalent) is likely to range between $34-$36 per hundredweight.

Slightly higher supplies of pork products will reduce retail prices to $2.63 a pound.

The estimate for fourth-quarter 2002 imported live hogs was lowered 3 percent, to 1.55 million head. This change reflects weekly import data from USDA/APHIS suggesting that while fourth-quarter 2002 imports of Canadian feeder pigs increased over fourth-quarter 2001, fewer slaughter hogs came south than in the same period of 2001. Official U.S. import data for the final month of 2002 will be released by the U.S. Census on February 20.


Further information

Links

For more information view the full Livestock, Dairy and Poultry Outlook - February 2003 (pdf)

Source: Livestock, Dairy and Poultry Outlook - U.S. Department of Agriculture, Economic Research Service - February, 2003