Rise in the Q3Sep 22, 2022
According to the most recent Market Outlook report from the USDA's Economic Research Service, Q3 pork production has been raised to 6.5 billion pounds.
- That’s just a little below a year ago.
- The expectation is that ample supplies of slaughter-ready hogs for the balance of the quarter will combine with higher year-over-year average dressed weights to increase production.
Pork exports in the second half of 2022 are reduced by 80 million pounds due to a reduced demand for US pork in Asia, which is aggravated by the appreciated value of the US dollar.