NPPC says pig farmers need strong demand to overcome rising costs
The National Pork Producers Council says strong consumer demand and export markets will be needed to support hog prices this year.
“We’ve seen those margins turn from positive to pretty negative over the last couple of months,” she explains.
She says feed costs are up more than 20 percent compared to a year ago and producers lost about $20 per head in December. Cook says input costs are likely to remain elevated.
“Production costs and labor shortages are not issues that appear that are getting better anytime in the near future.”
Consumer pork prices only increased 1.5 percent in 2022 and Cook says the affordability of pork will hopefully be beneficial for the industry.