Larger beef supplies usually translate into lower beef prices, but that’s not the case now, says The Hightower Report. Production is up over last year yet prices remain higher, which suggests stronger demand than what is usually seen in mid-April.

Reports from China indicate hog numbers are down drastically. Stewart-Peterson says with rumors suggesting the U.S. and China may be close to a trade deal, “we expect China pork purchases to surge soon.” Chinese pig prices have been spotty this week.