USDA’s pork supply and utilization forecasts for 2012 show modest production increases (+1.4 percent) and little change in hog prices compared with 2011. The USDA's May Livestock, Dairy and Poultry report shows the level of U.S. pork exports is expected to remain elevated, but the rate of increase is likely to moderate to about 2 percent from 2011. In 2012, domestic ‘disappearance’ next year is expected to be 60.5 pounds per person, compared with 60.3 pounds this year. Retail prices in 2012 are expected to back off slightly from prices this year and to average in the high $3.20s to low $3.30s per pound.

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