On Monday USDA published the latest quarterly hogs and pigs report. Based on the numbers from the quarterly report, hog producers are maintaining balance between production and demand. USDA livestock analyst, Michael McConnell says that margins improved for producers in 2024.
Demand for pork products is also rising, says McConnell.
USDA reports that hog prices are currently 18% higher than at this time a year ago. McConnell, provides some key numbers from the USDA Hogs and Pigs report.
