Weekly Outlook: More pork in 2017 with higher hog prices?
Story Date: 1/4/2017

 

Source: Chris Hurt, FARM DOC DAILY, UNIV OF ILLINOIS, 1/3/17



The latest Hogs and Pigs report released on December 23 indicated that pork supplies in 2017 will be larger than pre-report expectations. Slaughter numbers have run high all fall and USDA revised upward the size of the spring 2016 pig crop by 2.5 percent to account for the heavier runs. In a similar fashion, the December survey found more market hogs in the current inventory. The number of pigs that weighed less than 180 pounds was four percent larger than the inventory of a year ago and was two percent larger than expected by the trade. These will be the market hogs arriving at processing plants from January to May 2017.

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