Pork prices are rising, but not from concentration in the meat packing industry. According to a report from the National Pork Producers Council, pork prices are increasing due to strong demand, high input costs and labor shortages. Concentration levels today are about seven percent lower than they were five years ago because new packing plants opened from 2017 to 2020. The report found the farm-to-wholesale price spread has been shrinking while the wholesale-to-retail spread has increased over the past six months. Packer gross margins also are estimated to be within their five-year average.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.