Home Indiana Agriculture News Hurt Sees Retail Pork Prices Declining

Hurt Sees Retail Pork Prices Declining


Chris Hurt OutlookPurdue University Ag Economist Chris Hurt expects retail pork prices to continue increasing to record highs this summer. However – Hurt also expects those increases to level off in the fall and then move lower into the winter as producers increase production. Producer profits were at a record high near 70-dollars per head during the second quarter of this year – but Hurt says third quarter profits should exceed that record and be around 90-dollars per head.


If producers begin expanding their herd – and PEDv is better controlled – Hurt says pork supplies can begin to grow next spring by four to six-percent in the last three quarters of 2015. As supplies build – he says more record-high retail pork prices can be expected in the second half of next year.


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