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Retail pork prices expected to decline

Retail pork prices are expected to fall another 3% to 4% this year, according to the USDA’s monthly Food Price Index report released June 25.

USDA also estimated that retail pork prices this May were 6.8% lower compared with year-ago prices, and 0.1% lower when comparing May’s prices to those in April of this year.

The report showed retail pork prices rose 9.1% in 2014, and 2.8% for the 20-year historical average.

USDA estimates retail prices for all meats will increase 2.5% to 3.5% this year.

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