Pork Prices To Rise

Purdue Agricultural economnist Chris Hurt is projecting pork prices to head this summer into the mid $90 per head profit range for producers. Currently they sit around $70 per head. Excluding inflation from money printing, he states that smaller spring farrows from PEDv virus and growing foreign purchase of US pork is driving the pricing. Hurt has suggested farmers has seen this price indicator and plan to expand their pork farrows between 4-6%. His analysis also leads to lower pricing after September of this year after the $90/head profit is reached. Spring of 2015 bigger herd numbers should be seen.

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