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Pork Outlook Report - November 2003

by 5m Editor
27 November 2003, at 12:00am

By U.S.D.A., Economic Research Service - This article is an extract from the November 2003: Livestock, Dairy and Poultry Outlook Report, highlighting Global Pork Industry data. The report indicates that Fourth-quarter hog slaughter so far is running ahead of expectations.

USDA Economic Research Service

Retail Pork Price
Percent change from previous month
Fourth-quarter hog slaughter so far is running ahead of expectations. U.S. packers are expected to slaughter 26.7 million hogs in the fourth quarter of 2003, a number only slightly less than a year earlier.

Although the spring 2003 pig crop--which is slaughtered in the fourth quarter--was 4 percent lower than in spring 2002, imported Canadian hogs have likely enabled weekly slaughter numbers to remain above 2 million head since the first week of October.

Pork production in the fourth quarter is expected to be 5.3 billion pounds, up slightly from the same period last year, due to higher dressed weights. Looking ahead to 2004, higher soybean meal prices are expected to hold growth in average dressed weights in the first half to less than previously forecast.

Weekly Hog Slaughter
Percent change from last year

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

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