ANALYSIS: Tight Supplies and Seasonal Demand Drive the Pork Cutout Higher

The Expana Pork Cutout has risen 26.3% since mid-April and now sits 20.6% above year-ago levels, averaging $117/cwt so far for the week of June 16. This surpasses 2022 values for the same period and is trending toward the higher levels seen in 2021 and during the 2014 PEDv market in June.

Retail demand remains strong, with bacon, ribs, and chops prominently featured as consumers shift away from higher beef prices. Ribs continue to gain momentum ahead of the July Fourth holiday...

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