A record profit streak in the pork industry that hasn’t been nipped by over-expansion or a slowdown in exports is projected to continue in the near future.
“The latest USDA Hogs and Pigs Report was basically neutral with slightly higher breeding herd numbers,” notes Glenn Grimes, a
While North Carolina has continued to depopulate its swine herd since late 2004,
A push/pull factor is hastening the arrival of more pigs from
The pull factor is the increased construction of finishing barns in the
He adds that "we don't really know the rate of smaller producers exiting the industry."
While USDA forecasts U.S. pork exports will increase into 2007, but analysts believe growth won’t be as strong as it has in the past. “The export market is key, and
On the home front, changes in the poultry industry may influence pork demand in the months ahead. “We saw earlier this year that chicken is willing to cut production, and I suspect they’ll do it again to support prices,” Steiner says.
Source: National Pork Board