Pork prices may be rising, but profits at the farm, retail or wholesale level are not a significant factor. A new report from Iowa State University, North Carolina State University and the National Pork Producers Council cites labor costs, the supply chain crisis and transportation as the reason for higher consumer prices. Rising feed costs, higher energy costs and the worker shortage have also influenced retail pork prices. The report found the difference between what farmers receive for hogs from packers and what packers receive from for pork from retailers has remained relatively constant over the past two years. The one exception would be May of 2020 when numerous packing plants shut down due to the spread of COVID within the workforce.
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