The US pork industry has expanded to new record highs. According to the latest report, the total US inventory was 75.5 million head, up 3 percent on the year.
University of Missouri livestock market analyst Scott Brown says he has a pessimistic price outlook for 2019. “Right now, I have the second quarter of 2019 with the national weighted average for carcass price coming in at $61,” he says.
He tells Brownfield there might be some opportunity for producers to manage risk.
Continue reading Economist says hog inventory causes price concerns for 2019 at Brownfield Ag News.
