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.
Low Inventories and Limited Supply Underpin Pork Prices
March 1, 2021
• Pork prices last week remained elevated as packers sought to catch up on orders from the previous week.
• Processing items have seen the biggest price increases as demand for those items is very inelastic in the near term. The pork cutout was up $14 in February and $11 of that increase was due to higher ham and belly prices.
• US pork freezer stocks at the start of February were down by more than 26% compared to the previous year. Inventory of pork bellies in the freezer was down 56%.
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