FoodService Edition

Ample supplies continue to offer retailers and foodservice operators plenty of opportunities to feature pork this spring and summer.

Lean hog prices rose at a faster than normal pace in late January and February due to a short-term squeeze in the spot belly market, excellent demand in both domestic and export channels and hog/pork supplies that tracked under the levels projected by the ‘Hogs and Pigs’ survey. In recent days, however, prices have adjusted lower as some of the factors fueling the rally appear to be losing steam. Pork belly prices, which approached all-time record highs at an unusual time of the year, have declined sharply.