younger hogs on a farm Scott Olson_Getty Images News

LIVESTOCK MARKETS: Strong demand, robust exports supporting hog prices

Hog producers expected to cover almost all of their costs this year.

Hog prices are expected to increase in 2017, even with 3% more pork production, according to Purdue University agricultural economist Chris Hurt.

“Prices will be supported by stronger demand because of a growing U.S. economy and by a robust 8% growth in exports" projected by the U.S. Department of Agriculture, Hurt explained, adding that new packer capacity is also expected to contribute to stronger bids for hogs.

Additionally, he said feed costs will be the lowest in a

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