Pork production for 2014 has been reduced from last month as slower gains in carcass weights during the second half of the year more than offset the higher-than-expected fourth-quarter slaughter.
September’s projected pork production for 2014 was 22,774 billion pounds, which is slightly higher than October’s 22,759 billion pounds.
In its latest World Agricultural Supply and Demand Estimates report, the USDA raised its forecast for production in 2015. It is expected that a greater number of hogs will be available for slaughter in 2015 due to higher farrowing intentions and a more rapid forecasted recovery in pigs per liter.
September’s projected pork production for 2015 was at 23,325 billion pounds. October’s projections for 2015 increased to 23,925 billion pounds.
Higher carcass weights also are expected for 2015.
Projected hog prices stayed about the same from September to October this year, going from between $77 to $77.60.
Projected prices for 2015 dropped, however, from between $67 and $73 down to between $63 and $68.