USDA expects higher hog prices, dependent on export demand

 

By John Perkins, Brownfield

May 10, 2019

 

The USDA has raised its 2019 price outlook for barrows and gilts, while lowering the expectation for steer prices.

 

Barrows and gilts are now expected to average $54.50 per hundredweight this year, up $8.50 from March, on higher domestic prices and expected strong export demand, with the annual sales projection up sharply from a month ago at 6.246 billion pounds. However, thatís dependent on several factors, including trade negotiations with China and Japan, and the implementation of the USMCA.

 

Steers prices are seen at $118.50, down $1 on the month...

 

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