Source: BEEF PRODUCER, 8/1/14

Rising cattle and hog prices have driven retail meat prices higher recently, and while that's not expected to change quickly, pork prices may come down yet this year while beef prices could take until 2015 to cool.

"Farm prices for hogs averaged $85/cwt between April and June, up  nearly 24% from the same period last year," said Aaron Goertzen,  Economist, BMO Capital Markets.

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