Source: Chris Hurt, FARM DOC DAILY, UNIV. OF ILLINOIS, 3/11/19



Hog prices have been struggling so far this year. USDA reports that live prices in January and February have averaged below $40 for the first time in over a decade. In February, USDA estimated live prices were $39.04 per hundredweight, the lowest February price in 16 years dating back to 2003. A bearish price story usually points quickly to large supplies, and that is the case for pork. So far this year, pork supplies have been up about four percent with most of that as a result of higher slaughter numbers. The inventory count in the December Hogs and Pigs report...

For more of this story, click here.