LIVESTOCK MARKETS: Higher hog prices possible in new year?

Lean hog future markets suggesting higher prices are possible.

Even with production increasing 2.5%, the U.S. pork industry still experienced 10% higher hog prices in 2017. The reason, according to Purdue University agricultural economist Chris Hurt, was strong pork demand around the world, led by bacon demand in the U.S., where retail prices were up about 7%, and by pork exports that expanded around 7%.

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