Ham Prices in the United States from 2020 to 2025

Retail Prices of Boneless Ham (USD per Pound)

  • 2020: Prices were notably high throughout the year. The BLS reported a March 2020 price of $4.46 per pound, tying the highest recorded price from 2015-2019. Prices remained above this level for the rest of 2020, reflecting supply chain disruptions and increased demand during the pandemic. The annual average was likely around $4.50-$4.60, though exact yearly averages aren’t specified here.

  • 2021: The export price of ham reached $4.48 per kg ($2.03 per pound) by year-end, suggesting retail prices were higher due to markups. Domestic retail prices likely hovered around $4.70-$4.90 per pound, reflecting a continued upward trend from 2020.

  • 2022: This was a significant year as retail prices crossed the $5 threshold for the first time. The BLS data shows an annual average of approximately $5.37 per pound, driven by inflation and supply constraints. The highest export price recorded was $4.32 per kg ($1.96 per pound) in 2020, but retail prices reflect additional costs.

  • 2023: Prices increased by about $0.13 from 2022, reaching $5.50 per pound according to BLS data. This rise aligns with broader food inflation and steady demand for ham.

  • 2024: Food prices rose 2.5% overall from December 2023 to December 2024, with meats, poultry, fish, and eggs up 4.2%. Ham prices likely followed this trend, with an estimated annual average of $5.70-$5.80 per pound, though specific BLS data for ham in 2024 isn’t fully detailed here.

  • 2025: The USDA’s Economic Research Service forecasts a 3.3% increase in food-at-home prices for 2025, with pork prices predicted to rise 1.2% (prediction interval: -5.7% to 8.5%). January 2025 saw a 0.7% monthly increase in pork prices after seasonal declines. Assuming ham follows pork trends, the price as of March 10, 2025, could be around $5.80-$5.95 per pound, with potential to reach $5.90-$6.00 by year-end if the upper forecast holds.

Trends and Insights
  • 2020-2022: Prices rose sharply from $4.46 in early 2020 to over $5 by 2022, a roughly 20% increase, driven by pandemic-related disruptions, higher production costs, and inflation.
  • 2023-2024: The upward trend continued but slowed, with annual increases of 2-4%, reflecting stabilizing supply chains but persistent inflationary pressure.
  • 2025 Projection: With a predicted 1.2% increase in pork prices and historical ham price growth slightly above pork (due to processing), ham could end 2025 near $6.00 per pound. Seasonal spikes (e.g., Easter) might push prices higher temporarily.
Notes
  • These figures focus on boneless ham (excluding canned), as it’s a common BLS metric. Bone-in or specialty hams may vary.
  • Export prices (e.g., $4.48/kg in 2021) are lower than retail due to wholesale nature, so I’ve adjusted for consumer-level costs.
  • March 2025 data is an estimate based on January trends and forecasts, as full-year data isn’t yet available.

Average Retail Ham Prices (USD per Pound), 2020–2025








 

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