By Jennifer Shike
Three economists shared their forecasted prices for the year ahead in the Dec. 23 announcement of the Dec. 1 USDA Quarterly Hogs and Pigs Report in a teleconference funded by the Pork Checkoff.
Using the Carcass Price National Weighted Average, David Miller, an economist with Decision Innovation Solutions, quoted:
• first quarter of 2022 at $83-86
• second quarter of 2022 at $88-92
• third quarter of 2022 at $88-92
• fourth quarter of 2022 at $78-84
Ron Plain, University of Missouri Extension emeritus, used the Iowa-Minnesota Based Carcass Price Negotiated Sales to quote his prices. He forecast:
• first quarter of 2022 at $69
• second quarter of 2022 at $82
• third quarter of 2022 at $83
• fourth quarter of 2022 at $68
Bob Brown, an independent analyst, said he used the CME equivalent carcass basis. He forecast:
• first quarter of 2022 at $82.50
• second quarter of 2022 at $91
• third quarter of 2022 at $87.50
• fourth quarter of 2022 at $73
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