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Pork producers could see record revenues

The losses in the pork industry could have some surprise outcome for the nation’s pork producers.

Purdue Extension ag economist Chris Hurt says with smaller supplies of pork and continued high demand for the product, prices continue to rise.  “Generally for every 1 percent we drop in the supply, we’re going to see prices go up by 2 percent,” he says.  “It’s the price times the quantity.  If we drop the quantity a little bit – the prices goes up substantially.  That says the revenue for the industry will reach record highs for 2014.”

And, Hurt tells Brownfield profitability for the pork industry could be the best it has ever seen.

AUDIO: Chris Hurt, Purdue Ag Economist (2:00mp3)