Summer prices may be a bit discouraging this year having averaged above 50 for the past two years.
More Quotes from Chris Hurt:
I think the reaction on the consumer side will be relatively mild.Chris Hurt
Integrated hog operations tend to like to have their own feed-milling capacity. They tend to locate hogs generally within 50 to 60 miles of that feed mill.
Chris Hurt
Beef producers continued to expand the breeding herd for the second year. Beef cow numbers increased by 1 percent during 2005 after a small rise in 2004. The total number of cows increased by 338,000 head and the increase was concentrated in the western Corn Belt, where Missouri increased by 115,000 cows and Iowa by 40,000.
Chris Hurt
What we've seen with the mobility of labor, particularly from Mexico, has enabled that industry to stay in the United States. It's entirely possible that if labor had not been mobile that parts of the industry would have to moved to other countries like Mexico.
Chris Hurt
Overall, the U.S. breeding herd has been trending lower as a result of the sow herd shifting to Canada and as a result of higher productivity.
Chris Hurt
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