- US retail pork prices for the month of March were generally lower, though primarily higher than a year earlier. Bacon prices edged +0.3% to $6.61/lb for the month but is -8.2% under last year, while chops were -2.1% to $4.17/lb which is +0.9% over March 2022. All hams slipped -0.7% from a month earlier to $4.34/lb but is up +7.0% over year-ago levels, while Other pork declined -1.8% in the latest data to $3.53/lb which is +0.2% over last year.
- Monthly wholesale pork values rose overall in March. US pork cutout at $83.74/cwt climbed +1.8% from February levels, bringing cutout -20.8% under year-ago levels. Wholesale picnics and butts were up the most while bellies were the only primal recorded lower from a month earlier. Compared to last year, most primals are significantly lower excluding picnics which are up +30.2% and hams which were a modest +0.3% higher than March 2022.
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Monthly US retail beef prices were generally lower: Uncooked ground slipped -0.2% to $5.19/lb which is -2.8% under last year, roasts declined -0.8% to $6.77/lb bringing them -3.0% under Mar 2022, while steaks were up +1.3% to $9.81/lb which is +0.2% over last year, and other beef (not veal) declined -0.6% to $6.48/lb which is -7.3% under a year-ago.
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Wholesale beef values increased during the same period. Choice cutout climbed +2.8% in March to $283.82/cwt and is +9.8% over a year earlier, while select cutout was up +3.8% on the month to $272.90/cwt and is +8.6% over last year.
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US retail broiler prices were nearly unchanged at $2.42/lb for March, bringing them +4.3% over year-ago prices, while wholesale broiler values rose +6.1% on the month to $0.94/lb which is -6.9% under 2022.
