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The average US retail pork price reached a record $4.836 per pound in March, with sliced bacon up 23.1% year over year. Cash hog prices averaged $73.62/cwt in March, still 22.6% below the record high.
Strong retail pork prices and domestic demand support hog margins, though the cash hog price remains well below its record and feed costs stay elevated.
nationalhogfarmer.comRon PlainApr 25, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
