Smaller hog breeding herds and lower production costs could lead to modest profits for pork producers in 2016, Purdue University agricultural economist Chris Hurt says.
In his analysis of the U.S. Department of Agriculture's March Hogs and Pigs report, Hurt forecasts a slight slowdown in pork production after two years of expansion.
"For right now, the industry seems to have supply in alignment with pork demand such that prices cover the full cost of production," he said.
According to the USDA report, pork producers intend to reduce the number of sows farrowed by 1 percent this spring and 3 percent this summer.
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