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hogs in finishing barn DarcyMaulsby/iStock/Thinkstock

LIVESTOCK MARKETS: 'Time will tell' for hog sector

Economist expects producers will continue to expand despite current challenges.

Oversupply and weaker demand have led to struggling hog prices so far this year, according to Purdue University agricultural economist Chris Hurt. In fact, he said U.S. Department of Agriculture data show that live prices in January and February averaged below $40/cwt. for the first time in more than a decade. In February, USDA estimated that live prices were $39.04/cwt., the lowest February price in 16 years dating back to 2003, Hurt said.

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