Over the past five years, average weekly pork production has been down from today to summer. Jim Long (Genesus) estimates the decline will be 10-12% or 60 million pounds per week. That's why pigs are always more expensive in the summer. Mr. Long expects pork prices to exceed $1.20/lb. this year as well.
Read about the U.S. and European pork markets in the following analyst report: e1.envoke.com