Hog market weakness likely to persist

A livestock economist expects recent weakness in the hog market to persist.

Steve Meyer with Ever.Ag says prices are off early spring highs because of slightly higher feed costs and weaker domestic demand.

“I wish I could say there were a lot of opportunities right now, but there aren’t. The opportunities were back in March and April, a lot of people passed up $105, $106, $107 hogs thinking we were going to $120. We never thought that, we thought that was the time to do it.”

Speaking to Brownfield at the World Pork Expo in Des Moines Wednesday, he said pork producers should implement a defensive marketing plan.

“You might’ve been able to play some offense in the spring, but you’re playing defense again (now). Hold your balance sheet together for this year and hope for better times next year.”

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