Hog Prices Hit 3-Year Highs

By David Anderson

We’ve written a lot in Southern Ag Today over the last couple of months on cattle and beef prices, but some other things are happening in livestock markets.  Hog prices have jumped to their highest level in three years, bringing some needed profits to the industry.  

Weekly national average barrow and gilt carcass prices, net of premiums and discounts, hit $113.14 per cwt at the end of June.  That was the highest price since the beginning of September 2022.  The average price a year ago was $88.79 per cwt.  Higher hog prices are showing up in higher wholesale pork prices, as well.  Wholesale hams, pork bellies, loins, ribs, and trimmings for sausage have all been increasing in price in recent weeks.