 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2025 |
|
 |
|
HOGS TURN PROFITABLE
Mar. 31, 2010
BrownfieldAgNews reports:
Purdue University economist Chris Hurt says hog profits could average about 18 dollars per head this year, compared to an average loss of 20 dollars per head in both 2008 and 2009.
Hurt made his forecast following the recent hogs and pigs reports, which surprised many analysts.
Among other things, it showed a 4% reduction in the nation's breeding herd from one year ago. Hurt says the smaller breeding herd means farrowings will be down about 4% this spring and about 3% this summer. And pork production is now expected to drop by about 3% for the year.
Hurt says profits for hog producers are expected to peak this spring and summer at about $25 to $30 per head, and then moderate seasonally to about $10 per head in the late fall and winter.
And, Hurt says, at this early point, prospects appear to be very favorable for 2011 as well.
|
|
|
|
|
