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


Agricultural News

Markets Reflecting PED Uncertainty, Pork Council Director Says

Fri, 21 Mar 2014 15:44:54 CDT

Markets Reflecting PED Uncertainty, Pork Council Director Says
The PED virus continues to wreak havoc on farms across the United States with no end yet in sight. The disease causes diarrhea in baby pigs and is fatal. So far, efforts to halt its spread have proven largely ineffective.   

Roy Lee Lindsey, executive director of the Oklahoma Pork Council said the effects of the actual virus and worries about its spread are reflected in the futures markets.   (He spoke with Radio Oklahoma Network Farm Director Ron Hays at the Oklahoma Youth Expo. You can hear their conversation by clicking on the LISTEN BAR below.)

"We're seeing a tremendous impact on markets now from PED- we're seeing a significant impact. Live hogs yesterday were in the nineties. I don't know that I've ever seen live hogs in the nineties in my lifetime. And if you look at the June futures, we're at $133, $134. We're way out past record highs here. The best estimates right now are that we are short some five million market hogs out of about 105, 106 million. So, were off about four percent. That's a pretty significant change."

Lindsey said it is not yet clear if the hogs are being bought now at $90 for future use anticipating that we will indeed see live hog prices much higher than that this summer. He said he doesn't think the prices will stay as high as they currently are into June, but next week's report on pig numbers will help nail down some actual figures.

The disease has not been as widespread in Oklahoma as it has been in other states, but, Lindsey said, it is taking its toll.

"We had a lot of cases early on. Most of those cases were centered in the Panhandle. To our knowledge, they've kind of stayed out in that general area. We've really not worked our way back into the body of the state. I can't tell you that that's not going to happen, but I can tell you that producers here in the body of the state are doing everything that they can to not get it. The hope is we'll get to a vaccine before it breaks on their farm."

It doesn't look like a vaccine is coming anytime soon, Lindsey said, and hog producers are doing everything they can to protect the biosecurity of their individual farms.



Roy Lee Lindsay talks with Ron Hays about PED and its effects on Oklahoma.
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Atop the RON Rural Soapbox - Former Secretary John Block  Sun, 25 Sep 2022 15:50:14 CDT
  • Road to Rural Prosperity Features Joey Carter about his movie "Hog Farmer" and his battle To Keep his Farm  Sun, 25 Sep 2022 13:42:02 CDT
  • Superior Livestock's Sept. 22 Video Auction Market Report  Fri, 23 Sep 2022 15:44:12 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 23, 2022  Fri, 23 Sep 2022 15:23:02 CDT
  • House Republicans Unveil Commitment to America  Fri, 23 Sep 2022 13:23:28 CDT
  • BASF's Sack Hunger Challenge back for 2022 Kansas State Season  Fri, 23 Sep 2022 13:17:53 CDT
  • Thompson: Commitment to America Will Restore a Robust Rural Economy  Fri, 23 Sep 2022 12:31:08 CDT
  • Integrity Beef Helping Producers Develop Value Added Cattle  Fri, 23 Sep 2022 11:18:31 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.