PORK

Prices are expected to remain firm through the Fourth of July, supported by rising beef and chicken prices, as well as increased retail stocking ahead of peak grilling demand. While domestic demand remains inconsistent, retail continues to drive the majority of sales. Processing volumes are anticipated to normalize; however, overall supply is likely to stay at seasonal lows due to live hog supplies falling short of expectations, prompting packers to raise bids. These tightening conditions have pushed cash hog prices to their highest levels of the year. Additionally, the USDA has increased pork availability for both 2025 and 2026 by 125 million pounds and 140 million pounds, respectively, primarily due to lower exports as U.S. pork becomes less competitive in global markets. Strong demand for beef trim is expected to continue supporting pork prices, likely driving them to significantly elevated levels compared to previous years, as pork remains a better value than many competing protein options.