Foodservice Edition

Highlights

Increasing pork supplies expected to keep prices under year-ago levels for much of this summer and fall Rising pork supplies have pressured prices lower so far this spring and values are forecast to be under year-ago levels into summer and fall. For now, the impact has been much more significant on hogs rather than wholesale pork values. The average IA/MN base price in March was $56.8/cwt, 14% lower than a year ago while the average pork cutout value was $73.2/cwt, 9% lower than last year. Hog supplies on the ground are a record high for this time of year and it does not take much for producers to fall behind and have to sharply discount hogs in order to get them off the farm.