Pork Profit Maximizer
Pork Profit Maximizer for May 15th Retail 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 market.
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