Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Agricultural News


Pork Prices Strong During 2011

Tue, 04 Jan 2011 17:02:05 CST

Purdue University Extension economist Dr. Chris Hurt, predicts hog and pork prices will launch to record highs in 2011 due to a combination of high demand, high feed costs, and a smaller herd. Foreign buyers are expected to elevate pork exports by 10 percent, representing a record 21 percent of domestic production. As a result Hurt predicts this year, - the available supply per person in the United States will drop by nearly 3 percent. That will cause consumers to face record retail pork prices.

For producers, Hurt predicts live hog prices to exceed 60-dollars per live hundredweight, or more than 80-dollars on a lean basis. Historically a 90-dollar lean price, or about 67 live, was the top of futures markets. Some current futures prices now exceed 90-dollars for the spring and summer delivery contracts and raise the possibility of them reaching 100, or 75-dollars live.

The Purdue economist notes - a new era of high costs probably means there will eventually be a new era of record high hog and pork prices. According to Christ Hurt - feed costs aim toward a break-even year with costs estimated to be slightly over 60-dollar as well. So, there will be no great profit prospects during 2011

 

WebReadyTM Powered by WireReadyNSI

 


Top Agricultural News

  • OSU's Amy Hagerman On the Approaching Coronavirus Food Assistance Program Deadline   Mon, 10 Aug 2020 09:23:49 CDT
  • NCBA's Danielle Beck Encourages Producers to Submit Comments on Dietary Guidelines Before Aug. 13 Deadline   Mon, 10 Aug 2020 08:49:02 CDT
  • Trade Policy Opportunities and Competitive Prices Support U.S. Wheat Export Sales Early in the Marketing Year  Mon, 10 Aug 2020 08:30:49 CDT
  • Dietary Guidelines Comment Campaign Enters Final Week  Mon, 10 Aug 2020 08:15:49 CDT
  • Dairy Defined: Dietary Guidelines Good for Dairy -- and Worth a Nudge Forward  Mon, 10 Aug 2020 08:09:49 CDT
  • FARM Program Recognized for International Quality   Mon, 10 Aug 2020 07:53:49 CDT
  • Monday Preopening Market Update with Dave Lanning  Mon, 10 Aug 2020 07:27:03 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m.Friday, August 7  Fri, 07 Aug 2020 16:13:53 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.