Hang on, help is on the way
Regardless of whether it is a price or availability prompt, pork should find itself in a more favorable environment in 2024 because of the decrease in beef production.
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Regardless of whether it is a price or availability prompt, pork should find itself in a more favorable environment in 2024 because of the decrease in beef production.
With corn prices expected to be below $5/bushel for the rest of this year, cost of production should continue to decline.
In the short term, until enough producers are compliant, pork prices outside of California will be depressed with extra supply on the market.
An increase in hog inventory is not what the industry needs right now. Hog and pork prices have been dismal in recent months.
Because of bitterly cold weather, last week's hog slaughter was down 8.12%.