By Jennifer Stewart-Burton
October 13, 2011
Stronger hog prices and lower feed costs have put the pork outlook back into the black for the coming year, says a Purdue Extension agricultural economist.
According to the U.S. Department of Agriculture's Hogs and Pigs report, there has been little increase in the country's breeding herd. With growing demand and a fairly stable-sized breeding herd, producers can expect to return to profitability in the next 12 months. The USDA also reported in its September Grain Stocks report that corn inventories now are higher than expected, reducing the cost of feed.