The outlook for the pork industry is turning around this year, according to USDA
A swine virus invading upper Midwest hog farms is expected to move to other pork-producing states.
A new strain of PRRS has hit farms in Iowa and Minnesota, and an Illinois veterinarian predicts that it will start hitting other states in the next year or two.
Despite that, hog producers have pretty good prospects for the year. The USDA Outlook Chairman says that it is better than what was expected a year ago.
According to Mark Jekanowski, “Pork supplies are tightening up, demand remains strong, and that seems to be supporting prices along the whole chain, both retail prices and filtering down to hog prices as well.”
It is turning around so quickly that the Outlook Board had to add to its previous average price forecast to $65 dollars per hundred-weight.