Wholesale pork prices, along with port congestion, contributed to a 1.4% increase in retail pork prices in March 2022. 

Much of the strength due to strong demand for bacon, with the average retail price of sliced bacon up 23.1% in March. 

Recalibrating your hedging assumptions is critical.

The "why" behind the "what" has more to do with investor mentality as it relates to inflation rather than a direct result of the Ukrainian invasion. 

As wild as wheat has traded, other commodities, specifically, nickel have moved with so much volatility that trade was suspended on the LME.

Have you adjusted for increased input costs (feed, utilities, labor, fixed costs) when projecting what your cost of production may look like?

Processors must have an eye to the future. What might higher gasoline prices mean for bacon purchases? How about hog supplies this summer and finding labor?