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Pork Trends 

Farmer's Report - April 17, 2026

 

All pork pricing trends are based on USDA data as of April 10, 2026.

The USDA reported a weekly hog harvest of 2.472 MM hogs last week. This level is roughly 3.2% higher than the prior week. Running harvest level year-to-date is down 1.1% compared to last year.

Loins arrow steady

The bone-in loin market pivoted higher, while the boneless loin market pivoted sharply lower. Seasonal demand is fair and relatively steady, and supply is good due to larger seasonal harvest levels, according to analysts. Variable promotion is reported for the retail channel. Historically, both loin markets have been steady during April, then tend to rise toward the end of the month as grilling season ramps up.

Tenders arrow up

The pork tenderloin market pivoted higher. Supply is good, but demand has been light and variable, according to analysts. The USDA continues to report varying levels of promotional frequency in the retail space, with last week seeing an increase over the prior week. Historically, the market becomes more volatile day-to-day during April, with a tendency to begin to pivot higher in late April, due to rising grilling season demand.

Butts arrow down

The bone-in butt market continued slightly lower. Supply remains cyclically strong and demand has been mostly supportive, according to analysts. The USDA reported a heavy recovery in the frequency of pork butts in retail ads, likely as retailers move past Easter. The USDA also reported higher trade levels on the futures report, suggesting bullish markets, according to analysts. Historically, the butt market has tended to be rangebound during April, but can begin to pivot higher in late April due to rising grilling season demand.

Ribs arrow steady

Whole spareribs (light and medium-sized) increased, while St. Louis-style spareribs and backribs slipped lower. Seasonal demand for fresh ribs remains fair, but is being offset by forward demand, according to analysts. Historically, both the backrib and sparerib markets climb higher into spring and summer, due to improving seasonal demand.

Bellies/Bacon arrow steady

The belly market composite remained unchanged from the prior week. The recent correction following a prolonged rally aligns with historical weakness in the market at this time of year. The USDA-reported frequency of bacon was down considerably from the prior week, likely as retailers move beyond Easter, according to analysts. Historically, the belly market becomes increasingly volatile in late April and early May.

Hams arrow up

The ham markets posted strong gains. Supply remains good on a seasonal basis. Current markets are near annual lows and, as post-Easter replenishment comes into play, the market historically begins to see better support.

Trimmings arrow steady

42% fat trimmings continued higher, while 72% lean trimmings slipped lower. Supply is good and demand is mostly supportive, according to analysts, who note that since pork trimmings can substitute for beef trimmings, there is a risk of volatility in the pork trimmings markets, as the beef market is currently very strong. Historically, the pork trimming markets are firm to higher into early April as Further Processors build against their seasonal, forward demand increases.

Picnics arrow steady

Bone-in picnics pivoted lower, while boneless picnics were unchanged. The cyclical reset of bone-in picnics seems to have stabilized, and they are now slowly edging higher in seasonal fashion, according to analysts. Historically, the bone-in picnic market ebbs and flows directionally higher throughout the calendar year, while the boneless picnic market trends higher as the weather warms.

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