Hog Farmers Betting on Increased Pork Consumption Amid Rising Beef Prices

Reported about 1 year ago

American hog farmers are anticipating a surge in pork consumption as beef prices continue to rise, with a decrease in the US cattle herd making beef more expensive for consumers. Pork producers are hoping for increased demand for pork products, like sausage and pepperoni, especially with the grilling season and July 4th holiday approaching. Despite challenges such as high fixed costs, the industry is seeing signs of improvement, with margins beginning to stabilize and pork packers making profits per hog after facing losses in the past year. Cheaper pork prices compared to beef, along with growing demand in markets like Mexico and for pizza toppings, are expected to drive the industry's recovery.

Source: YAHOO

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