The Wall Street Journal reports U.S. hogs are trading at four-year lows in the futures market, which was a bright spot this past year.
Sterling Marketing president John Nalivka told the Journal the thought process has switched from running out of pork to not knowing what to do with all of the pork.
What the industry gets into a situation like PED, Nalivka says the market works through the shortage and production is suddenly at a higher level than anyone imagined.
Pork producers have been working hard to replenish their herds and the results are starting to show in the market.
This past week USDA reported about 2.32-million hogs were processed for pork.
USDA forecasts production to increase nearly five-percent to 23.9-billion pounds.
