- A look at the overall monthly wholesale pork cutout values shows that pork values continue at strong levels, though remain under the highs recorded in 2021/22. US pork cutout at $86.68/cwt for the month of November was down –4.2% from a month earlier and –7.2% under last year. For comparison, the 10-year average cutout value for November is $83.53/cwt.
- Average monthly pork loin values at $84.86/cwt for November fell –7.7% from the previous month but climbed +1.4% over year-ago values. For comparison, the 10-year average for the month of November (2013-22) was $78.49/cwt.
- Wholesale pork butts at $107.18/cwt fell –2.1% from October values, however holds a strong +9.7% over November 2022. Notably, the latest month’s butt values reflect a 9-yr high for November, with the 10-year average for the month at $88.99/cwt.
- Picnics at $77.13/cwt climbed +1.8% into November however is –5.7% under year-ago values. Notably, picnic values for Nov’22 was the second highest recorded in ten years, with the 10-year average for November at $66.25/cwt.
- Wholesale ribs slipped –0.7% from October values to $109.82/cwt, and is –7.6% compared to a year earlier. For comparison, 2023 represents the second lowest value for the month of November in ten years, with the 10-year average for November at $128.90/cwt.
- Hams at $82.42/cwt declined –0.6% for November and is –19.0% under last year’s strong values. For comparison, the 10-year average for the month of November is $77.04/cwt.
- Bellies dropped –10.0% from the month of October to $102.16/cwt and is –12.1% under November 2022. Notably, the latest month’s belly values represent the second lowest in 9 years, with the 10-year average for the month of November at $115.99/cwt.
