ANALYSIS: Demand Strength Pushes Pork Cutout Beyond Seasonal Expectation
The Expana pork carcass cutout began the year tracking within a typical seasonal range through Q1, generally moving in line with 2024 and 2025, while still holding above those prior-year levels. However, momentum began to build in late Q1 into early Q2, as values continued to firm rather than flattening in line with historical patterns.
By April, the cutout had moved above 2024 levels and into the upper end of the three-year range, signaling stronger underlying support than seasonality alone would...
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