ANALYSIS: Navigating the Complex Interplay of Factors Impacting Pork Belly Prices
The pork belly market is exhibiting a complex interplay of factors that are impacting prices. While light skinless pork belly prices were initially above year-over-year levels from January to mid-July, they have since reversed course, with 11-13 derind bellies currently sitting 47% below year-over-year levels. This coincides with peak bacon demand season, typically characterized by elevated bacon processing and active food service demand and as a result, historically higher values.
This year, however, slaughter levels have been elevated for most...
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