LIVESTOCK MARKETS: Fewer hogs at higher prices

Agricultural economist says producers will likely cover costs and possibly see modest profits.

U.S pork producers have indicated to the U.S. Department of Agriculture that they are not expanding the breeding herd and intend to reduce farrowings this spring and summer, which means pork supplies will be somewhat less than had been anticipated and that hog prices will be somewhat higher, according to Purdue University agricultural economist Chris Hurt.

USDA's March “Hogs & Pigs” report indicated that the size of the nation's breeding herd was unchanged from the same time on

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