Western Farm, Ranch & Dairy Magazine - Ritz Family Publishing, Inc.
Western Farm, Ranch & Dairy Magazine - Ritz Family Publishing, Inc.
Western Farm, Ranch & Dairy Magazine - Ritz Family Publishing, Inc.
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14 • Rocky Mountains www.ritzfamilypublishing.com<br />
U.S. Hog Slaughter Second Largest Ever<br />
U.S. Hog slaughter for the week<br />
ending December 20, was 2.225 million<br />
head, the largest in five years<br />
and second-biggest weekly figure<br />
ever.<br />
The all-time high was set the same<br />
week in 1998, at nearly 2.265 million<br />
head. Weekly hog slaughters<br />
during the fourth quarter have averaged<br />
nearly 3.4 percent above a year<br />
ago. This compares with expectations<br />
before the quarter began of approximately<br />
one percent below a year ago.<br />
Heavier carcass weights have added<br />
to total pork production, which for the<br />
quarter is up about 4.8 percent form a<br />
year ago.<br />
Although the week’s kill was nearly<br />
40,000 head below the record week in<br />
1998, estimated pork production was<br />
15.8 million pounds, or 3.68 percent,<br />
above that of the record kill week.<br />
Despite the unexpectedly large<br />
slaughters and pork production this<br />
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quarter, prices are well above a year<br />
ago. The same week a year ago, lean<br />
hog, or carcass prices, in Iowa/southern<br />
Minnesota averaged $40.68 per<br />
hundredweight. Lean values in that<br />
region averaged about. $47.90, up approximately<br />
17.5 percent from a year<br />
ago. During the same week in 1998,<br />
carcass-based prices averaged only<br />
about $16.50.<br />
Industry sources and market analysts<br />
credit the very high wholesale beef<br />
prices and reduced beef production<br />
as supportive for pork. They said the<br />
beef complex is largely responsible<br />
for keeping hog and pork prices from<br />
falling.<br />
Combined meat output for the quarter to<br />
date is running about 4.4 percent below a<br />
year ago, with the increase in pork more<br />
than offset by reduced beef production.<br />
Some also said growing U.S. population<br />
and expanded exports of U.S. pork are<br />
supportive factors for prices.<br />
U.S. cattle slaughter for the week was<br />
634,000 head, compared with 620,000<br />
a week prior and 650,000 a year ago.<br />
Year-to-date cattle slaughter is estimated<br />
at 34,022 million head, down<br />
1.03 percent from a year ago.<br />
Year-to-date hog slaughter is estimated<br />
at 96.791 million head, up 0.20<br />
percent from a year ago. The week’s<br />
combined meat production – for beef<br />
and veal, pork and lamb/mutton – was<br />
estimated at 923.5 million pounds,<br />
versus the previous week’s 896.5 million<br />
and the year-ago figure of 934.3<br />
million pounds.<br />
Combined meat production for the<br />
year to date is estimated at 44.909 billion<br />
pounds, down 1.33 percent from<br />
last year.<br />
Broiler slaughter of the week was<br />
estimated at 154.380 million head,<br />
compared with 153.501 million a<br />
week ago and 152.854 million a year<br />
ago.<br />
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