Thursday, January 02, 2014

Pork market prices are expected to rise in 2014

AgriNews: Pork market prices are expected to rise in 2014: "DANVILLE, Ind. —
Steve Meyer, the founder and president of Paragon Economics, said in a recent interview that producers can expect to see some changes in pork figures next quarter as a result of the porcine epidemic diarrhea virus, which hit first in June and July.

Due to this, he noted, that there will be a reduction in slaughter numbers from where they would have been had the animals not been sick.

The first and second quarters of the new year probably will be down between 2 percent and 4 percent in slaughter production, Meyer said.

The good news for pork producers is that hog prices will be positive.

“Reduce supplies, prices go up,” Meyer said, adding that producers whose hogs were infected with PEDV most likely lost three to four weeks of production."

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