Profit Maximizer Reports
The Profit Maximizer is a biweekly report that provides insights and analysis on current pork markets.
Steiner and Company produces the National Pork Board newsletter based on information we believe is accurate and reliable. However neither NPB nor Steiner and Company warrants or guarantees the accuracy of or accepts any liability for the data, opinions or recommendations expressed.
Market Volatility is Up Amidst Tight Hog Supply, Uncertain Demand
June 21, 2021
• Extreme volatility permeated the pork market last week as a number of products appear to be getting some pushback.
• Belly primal value declined 25% in one day but then managed to recover somewhat by Friday. While the spot market imbalance appears to have been rectified, the decline was a reminder of the potential price risk, especially as end users try to pass on price increases to the consumer.
• Fresh pork prices were very firm in the first two weeks of June thanks to big holiday weekend demand, better weather, pent up demand from COVID and increased traffic. But as grilling season demand starts to wane, we are seeing some weakness develop, especially for ribs, butts and even trim.
• Hog slaughter was big once again last week as packers are looking to fill 4th of July orders. Supplies will be tighter in July due to lower weights and an expected 70k/wk reduction in slaughter.
Profit Maximizer Email Subscription
Subscribe to receive free, biweekly Profit Maximizer reports to your email inbox.