FoodService Edition

Seasonal Improvement Underway in the Pork Complex. Higher Beef Prices Further Stimulate Pork Demand

In our last update two weeks ago we outlined the expected seasonal improvement for hog and pork prices and, as if on cue, prices have appreciated rapidly in the last two weeks. The calculated 1‐day cash hog index stood at $71.36, $11.36/cwt (+19%) higher than where it was on April 24. Current hog prices are still about 7% under where they were a year ago, which is reasonable given the larger supply of hogs coming to the market.