US retail bacon edged +0.1% from the month previous with the average June price at $6.83/lb, bringing the latest prices +9.7% over year-ago levels. For comparison, current retail bacon prices are 6 cents over the 3-year average for the month of June.
Wholesale belly values were up +0.6% in June to $124.37/cwt, with current values +29.7% over the year previous. Notably, wholesale belly values are $21.76/cwt under the 3-year historical average.
All retail chops edged +0.1% higher to $4.40/lb for June, bringing the latest retail chop prices +3.7% over last year. For comparison, current retail price levels are $0.26 over the 3-year average for the month of June. Boneless chops fell -1.0% to $4.59/lb, bringing boneless chops +1.5% over last year. Bone-in chop prices improved +1.6% to $4.62/lb, bringing the cut +1.2% over year-ago levels.
Wholesale loin values were down -2.6% from the previous month to $98.80/cwt in June, bringing current loin values +9.2% over last year. Notably, June loin values are $4.64/cwt over the 3-year historical average.
All retail hams dipped -0.3% lower to $4.56/lb for June, bringing hams +2.7% over year-ago levels. Current retail price levels are $0.45 over the 3-year average for the month of June. Boneless hams fell -1.8% to $5.57/lb on the month, bringing the cut -5.6% under last year.
Wholesale ham values averaged $86.21/cwt which was up +2.5% from May values, bringing the latest values +1.9% over year-ago levels and $0.47 over the 3-year average.
The category reporting other retail pork prices fell -3.2% to $3.65/lb, bringing other pork +5.4% over last year. Current levels are 14 cents over the 3-year average for the month of June.
Monthly wholesale pork cutout values declined -1.3% from May into June to $98.93/cwt, up +6.7% compared to a year earlier and $0.26 under the 3-year average.
