Three U.S. pork industry analysts predicted hog prices for the remainder of 2011 in a conference following Friday’s release of the USDA Hogs and Pigs report.
Erica Rosa, agricultural economist, Livestock Marketing Information Center, Lakewood, Colo. (quoting in national weighted average) expects prices in the mid-$80’s per 100 pounds carcass for second quarter, low $80’s for third quarter and mid-to-high $70’s for fourth quarter.
Daniel Bluntzer, Director of Research for Frontier Risk Management, Corpus Christi, Texas (quoting in CME lean hog index) expects second quarter prices to average $91 per 100 pounds carcass, $89 for third quarter and $77 to $78 for fourth quarter.
Altin Kalo, economist with Steiner Consulting, Manchester, N.H., is more bullush. Kalo (quoting in Iowa-Minnesota price) expects second quarter prices to average $94 per 100 pounds carcass, $95 to $100 for third quarter and $88 for the fourth quarter.
The conference was sponsored by the National Pork Checkoff.