Hog Outlook: No Changes to 2014 Pork Production/Hog Price Forecasts
US - USDA's August WASDE report lowered their estimate of 2013 pork production by a slight 16 million pounds (0.068 per cent) and raised their forecast of the annual average hog price by $1/cwt. They made no changes to their forecasts for 2014 pork production or hog price. Total red meat and poultry production is forecast to be up 0.4 per cent this year and up an additional 0.8 per cent in 2014, write Ron Plain and Scott Brown.
19 August 2013
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