Fireworks In Hog Prices
US - In recent weeks, hog prices have done what pigs can't: fly. They rose 17% in June, one of the biggest gains in modern history, and reached 18-month highs. Although they've fallen a bit in the last week, the cost of pork is expected to remain elevated through the summer at least. One piece of good news for consumers: Grocers book their orders well in advance, so a rack of ribs for a July 4 barbecue shouldn't cost any more than it did in 2005.