US retail bacon climbed +0.4% from the month previous with the average April price at $6.64/lb, bringing the latest prices +1.3% over year-ago levels. For comparison, current retail bacon prices are a modest 9 cents under the 3-year average for the month of April.
Wholesale belly values declined for the second consecutive month, down 1.5% in April to $123.87/cwt, with current values +54.8% over the year previous. Notably, wholesale belly values are $22.25/cwt under the 3-year historical average.
All retail chops declined -0.5% to $4.24/lb for April, bringing the latest retail chop prices +3.3% over last year. For comparison, current retail price levels are $0.19 over the 3-year average for the month of April. Boneless chops dipped -0.4% to $4.51/lb, bringing boneless chops +0.5% over last year. Bone-in chop prices were unchanged at $4.33/lb, bringing the cut -3.8% under year-ago levels.
Wholesale loin values rose +9.7% from the previous month to $97.72/cwt in April, bringing current loin values +21.0% over last year. Notably, April loin values are $3.56/cwt over the 3-year historical average.
All retail hams edged +0.3% higher to $4.49/lb for April, bringing hams +6.6% over year-ago levels. Current retail price levels are $0.59 over the 3-year average for the month of April. Boneless hams climbed +0.4% to $5.59/lb on the month, bringing the cut +0.5% over last year.
Wholesale ham values averaged $86.64/cwt which was up +11.2% from March values, bringing the latest values +21.5% over year-ago levels and $0.90 under the 3-year average.
The category reporting other retail pork prices increased +0.9% to $3.71/lb, bringing other pork +3.6% over last year. Current levels are 27 cents over the 3-year average for the month of April.
