The Lean Finely Textured Beef (dubbed ‘pink slime’) crisis is having an effect on pork prices, according to meat industry market experts.
Cheaper beef trimmings prices are also pulling down pork trimming prices, where the end products are smoked or spiced. That means products like pork sausages have a cheaper substitute ingredient.
According to the April 5 CME Group Daily Livestock Report, pork trim prices have fallen steadily since March. Pork trim in general has fallen to 54 cents a pound from 70 cents. Usually, pork trim value increases with the baseball season in the United States.