Hog prices are expected to increase this year, even as pork production is expected to increase by three percent, according to a Purdue University agricultural economist. Christ Hurt writes that stronger demand will support prices because of a growing U.S. economy, and by a robust eight percent growth in exports as projected by the U.S. Department of Agriculture. Hurt says …
There are a lot of hogs across the country right now and even more on the way. As Gary Crawford reports, hog producers are shattering all kinds of records.
As of March 1, there were 71.0 million hogs and pigs on U.S. farms, up 4 percent from March 2016, but down 1 percent from December 1, 2016, according to the Quarterly Hogs and Pigs report published by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Other key findings in the report were:
The U.S. pork industry’s top priority for the next Farm Bill is establishing a Foot-and-Mouth Disease (FMD) vaccine bank, the National Pork Producers Council told a House Agriculture subcommittee in testimony. “If this country ever had an FMD outbreak, it not only would devastate my farm and the whole livestock industry but the entire U.S. economy,” said NPPC Vice President …
Beef cattle prices are a little stronger than had been expected a few months ago, while hog producers are getting better than expected prices, even with more production. But what will happen to broiler prices if producers carry out expected production expansion? Gary Crawford more on all three of those stories.
In our recap of agricultural news from around the Southeast for the week ending March 10th, we talk about avian influenza, family farms, have a peanut contract price update, exports of cotton, beef and pork,
An open markets advocate told the National Farmers Union’s political action committee that Donald Trump should make it a goal to re-establish country-of-origin labeling (COOL) for beef and pork during the upcoming NAFTA negotiations.
Despite record low U.S. pork belly inventories, analysts say a bacon shortage is not likely. In early February, the Ohio Pork Council fueled alarms by publicizing that pork belly stocks were at their lowest levels in half a century. While the group added there was not an actual bacon shortage, several media outlets published reports suggesting otherwise.
At year-end 2016, U.S. pork exports showed impressive progress following a challenging 2015. In 2016, 5.1 billion pounds of pork and pork variety meats valued at $5.94 billion dollars were exported, up 8 percent and 7 percent respectively from 2015, according to the USDA.
U.S. pork exports set a new volume record in 2016, reaching 2.31 million metric tons, thanks in part to a fifth consecutive record year for exports to Mexico. U.S. Meat Export Federation’s Joe Schuele has more on the story.