National Ag News

A livestock futures analyst says the addition hog slaughter capacity is positive for the hog market.  Dennis Smith with Archer Financial Services in Chicago refers to two plants that opened this month in Iowa and Michigan.

“That will allow us to process pigs at the peak production season in the fall without having serious backlogs develop,” Smith told Brownfield Ag News Tuesday.  “It’s going to allow us to not have hog numbers as we did in the fall of 1998, which was a total nightmare.”

Even though daily hog slaughter has set records the past couple of days at 460,000 head, Smith says pork inventories are down.

Continue reading Livestock analyst bullish on pork demand at Brownfield Ag News.