The yearly pattern in hog prices is largely driven by the yearly pattern in pork production, writes Ron Plain. He shares an overview of hog prices on the farm, in the futures and at retail.
Source: National Hog Farmer, July 22, 2024. Link. Weekly pork production is lowest in the summer and highest in the winter.
“Lower costs contributed far more to profits than higher hog prices.”
INSIGHTS: Retail pork prices often increase toward the holidays in October, November and December. The Pork Checkoff provides a look at pork prices that can help consumers predict when to stock up on pork ahead of the holidays <Link>.