Weekly Outlook: Hog prices supported by strong demand
Story Date: 1/3/2018

 

Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 1/2/18


In USDA's December Hogs and Pigs report, pork producers indicated they continue to increase the breeding herd at a slow-sustainable pace. The breeding herd was up one percent and the market herd was up two percent. These were in alignment with pre-report market expectations. The U.S. breeding herd has expanded by seven percent since the start of 2014. The major states that have the largest increases over this period are: Missouri +30%; Ohio, Oklahoma, and Nebraska each up 10%, and Illinois up 6%.

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