Weekly Review: September Pork Exports Higher Than a Year Ago

US - Weekly review of the US hog industry, written by Glenn Grimes and Ron Plain.
calendar icon 21 November 2009
clock icon 4 minute read

Pork exports for September 2009 were up 3.8 per cent from 12 months earlier. Pork imports for September were up 16.3 per cent from a year earlier. All of the major pork exporters to the US showed substantial increases in their sales to the US in September.

Pork exports from the US for January-September were down 17.07 per cent from 2008. The big decreases in exports were to China-Hong Kong and Russia.

Pork imports for January-September were down 0.5 per cent from 12 months earlier. Net pork exports as a per cent of production declined from 17.42 per cent in 2008 to 14.07 per cent in 2009 for January-September.

Live hog imports from Canada for January-September were down 32.7 per cent from a year earlier. Feeder pig imports during September were down 26.5 per cent from last year and slaughter hog imports were down 50.3 per cent from 2008.

There is a high probability that the low-price month for 2009 will be August. If this comes true it will be the first time of record for August to be the low-price month of the year with the exception of 1945 with price controls during World War II.

Feeder pig prices at United Tel-o-Auction this week were $8-20 per cwt above two weeks ago. The prices by weight group at United this week were 50-60 pounds $72-82 per cwt and 60-pounds-plus $72.50 per cwt.

Feeder pig prices last week nationally were basically steady with a week earlier. The average price for 10-pound, 50-54 per cent lean was $35.30 per head. For 40-pound pigs, the average price was $40.06 per head. The formula price for 10-pound pigs was $37.43 per head and the formula price for 40-pound pigs was $55.52 per head. The cash or spot market price for 10-pound pigs was $34.00 per head and 40-pound pigs was $39.28 per head.

Live barrow and gilt weights in Iowa-Minnesota last week were down 0.9 pound per head from a week earlier at 270.4 pounds but up 2.8 pounds per head from a year earlier.

Retail pork prices in October were down 0.9 per cent from September and down 4.3 per cent from October 2008. Retail pork prices for January-October 2009 were up 0.6 per cent from a year earlier. The processor-wholesaler margins were down 5.5 per cent, and live hog prices for January-October were 17.4 per cent below 12 months earlier.

Pork carcass cutouts for Thursday afternoon at $56.94 per cwt was down $0.18 per cwt from a week earlier.

Live hog prices Friday morning were $1-2 per cwt lower compared to seven days earlier. The weighted average negotiated carcass price Friday morning were $1.13-2.56 per cwt lower compared to last week.

The top live prices Friday morning were: Peoria $34.00 per cwt, Zumbrota, Minnesota, $35.00 per cwt and interior Missouri $36.50 per cwt. The weighted average negotiated carcass prices Friday morning by area were: western Cornbelt $50.89 per cwt, eastern Cornbelt $49.36 per cwt, Iowa-Minnesota $50.82 per cwt and nation $49.83 per cwt.

Slaughter this week under Federal Inspection was estimated at 2322 thousand head, down 1.9 per cent from a year earlier.

There will be no letter next week due to the Thanksgiving Holiday.

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