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This past year has been challenging due to disease and inflation for many pork producers, but as herd numbers recover on one Missouri farm after being hit by PRRS, a large crop will become a vital source of feed.
Iowa pork producers won a major victory last week after the Iowa Supreme Court in a 4-3 decision said the state may provide livestock producers immunity from nuisance lawsuits such as ones complaining about odor.
Cash-traded weaner pig reported volume was above average this past week, with 36,735 head reported. Cash weaner pig reported prices were $40.37, up $2.35 per head from last week.
U.S. beef exports topped $1 billion for the fourth month this year while setting new volume and value records. Pork exports, still below last year’s large totals, rebounded in May as shipments were the largest of 2022.
The Justice Department failed in its third attempt at prosecution of chicken industry executives for price-fixing and bid rigging.
China’s inflation soars with the local pork industry a reason to blame. Several tactics will be used to decrease pork prices, but they face some headwinds.
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