PORK

Prices will take on a neutral tone overall through the end May. While cold storage supplies of pork remain tight overall and demand tends to seasonally strengthen in May, the impact of higher year-on-year production and softer export markets will keep the domestic market better supplied in coming weeks. Domestic pork production will continue to improve in coming weeks as hog producers continue to market hogs at higher weights, putting more pounds of product on the market. Furthermore, while pork trade with Mexico (the largest U.S. export market) continues to run tariff free under USMCA rules, softer demand from other markets will put more supply on the domestic market to be absorbed by Foodservice and Retail marketing channels.