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Pork Trends 

Farmer's Report - April 24, 2026

 

All pork pricing trends are based on USDA data as of April 17, 2026.

The USDA reported a weekly hog harvest of 2.502 MM hogs last week. This level is roughly 1.2% higher than the prior week. Running harvest level year-to-date is down 0.8% compared to last year.

Loins arrow steady

Boneless loins traded lower, while bone-in loins held flat. Downward momentum in the bone-in loin market over the past several weeks has slowed, while the boneless loin market has continued to fall sharply and is now below prior-year averages. 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 continued 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 up

The bone-in butt market pivoted higher. Supply remains cyclically strong and demand has been mostly supportive, according to analysts. The USDA also reported higher trade levels on the futures report, suggesting bullish markets. Historically, the latter part of April is when the butt markets tend to begin their seasonal rally higher, due to increasing grilling season demand.

Ribs arrow steady

Light spareribs and backribs remained unchanged, medium spareribs increased and St. Louis-style spareribs decreased. Seasonal demand for fresh ribs remains fair, but is improving as the weather warms up, according to analysts. Historically, both the backrib and sparerib markets climb higher into spring and summer, due to increasing seasonal demand.

Bellies/Bacon arrow down

The belly markets fell sharply, possibly due to seasonal weakness and a prolonged, elevated market, according to analysts. The USDA-reported frequency of bacon features in the retail channel was down again from the prior week. Historically, the belly market becomes increasingly volatile in late April and early May, with bullish trends developing later in May.

Hams arrow up

The ham markets continued to increase, posting strong gains. Supply remains good on a seasonal basis. With the recent market slipping to near-annual lows and post-Easter replenishment coming into play, the market historically begins to see better support heading into May.

Trimmings arrow down

Both the 42% fat and 72% lean trimmings markets declined. 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. Traditionally, the pork trimming markets have remained largely range‑bound heading into May, with no clear signal of a significant move either up or down.

Picnics arrow down

The picnic complex moved lower. The bone-in picnics are correcting from an uncharacteristically sharp surge in March that elevated the market to a 10-year high, while the boneless picnic market has been declining gradually for the past few weeks, in line with seasonal weakness. 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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