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Pork Checkoff says spring pork prices are the biggest jump since 2014, driven by lower supplies, COVID-related restocking and a rebound in demand. Wholesale pork cutout, bellies and ham prices were sharply higher year over year in late March.
Lower-than-expected supply and strong demand for processing cuts are pushing hog prices up. Feed costs are high, which squeezes margins for producers buying feed to raise hogs.
porkcheckoff.orgApr 7, 2021Not enough comparable past events yet for a historical read.
Not 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.
