There’s a slightly better outlook for hog producers next year
Prices have been soft lately for hog producers but next year could bring better news.
USDA’s Outlook Board says there is not much incentive to boost pork production next year as they feel it will be relatively flat, climbing only 500 million pounds, landing at just shy of $28 billion overall.
Prices are expected to rise but not as much as was forecast a month ago. They see it going up $1 per hundredweight, landing at $60.25, which comes out to around 2 percent over this year’s hog prices.