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Japan’s Hog, Pork Prices Sharply Higher in March

Japan’s average March hog carcass prices were up 14 percent from a year ago in yen and 5 percent higher in U.S. dollars, averaging $2.21 per pound. Prices were also up 6.4 percent from the February average.

The latest wholesale prices for domestic pork cuts are also up sharply from a year ago, including bellies (+30 percent), loins (+23 percent), butts (+21 percent), tenderloins (+16 percent) and picnics (+13 percent). PEDV is reportedly having a relatively mild impact on Japan’s pork production, with losses peaking in December. But as with many markets, it is still too early to determine the disease’s full implications.