Pork supplies are similar to a year ago, even with hogs being fed to heavier weights before being sent to market. Lee Schulz, chief economist with Ever.Ag, says demand has been steady for several quarters, and prices continue to remain above the cost of production.
Schulz breaks down the economics of pork operations by size. The data comes from USDA’s National Agricultural Statistics Service.
Schulz says that global demand for U.S. pork has softened slightly. However, he also points out that last year featured record setting pork export numbers. That can make this year’s numbers look small in comparison, even if the demand has not dropped that much.
That was Lee Schulz, chief economist with Ever.Ag
