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Hog and Pig Inventory Increasing Supported by Cattle Prices

Dan Economy, Livestock, Pork

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As JFK said in speech in 1963, “A rising tide lifts all boats,” that may be a sign of what we’re seeing playing out in meat industry. The USDA is highlighting the price increases that the meat industry is experiencing. USDA livestock analyst Michael McConnell shares details on the increase in hog and pig inventory, somewhat due to the price of other livestock commodities.

World Agriculture Outlook Board Chair Mark Jekanowski highlights similar trends in the steer price outlook.

Dale Sandlin with Southeast AgNet