Retail Edition

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

While the talk of a bacon shortage is a bit silly given expectations of all-time record hog slaughter, what’s not in dispute is that we have never had such high pork belly prices this early in the year. Short covering and panic buying appear to be two key factors driving prices in our view. USDA quoted the value of the pork belly primal on Friday at a little over $180/cwt, 40% higher than a year ago and almost double what is was in 2015.