Retail pork values — computed from Bureau of Labor Statistics and USDA Agriculture Marketing Service data — indicate that consumers are paying more for retail pork cuts than a year ago.

The computed per pound retail pork value in May was $3.95, almost 13 percent higher than May of last year. The second-quarter value is expected to be in the mid-$3.90s, with second-half 2014 retail pork values likely to break through the $4 per pound level.

The figure below shows 2013 and 2014 retail pork values. Higher 2014 values through April likely reflect tight supplies of pork, as well as of beef and broilers.