Lard once sold higher than live hog prices, but it's doubtful if lard ever again will regain this favorable relationship. There already are too many strikes against it. At the same time, consumers seem to want leaner meat.
Zmolek, William G.
"Your Stake In Producing Better Pork,"
Iowa Farm Science: Vol. 7
, Article 7.
Available at: https://lib.dr.iastate.edu/farmscience/vol7/iss4/7