December 31, 2008
US hog producers lost about US$39 per head this month due to steep increases in corn and soy prices earlier in the year, said Iowa State economist, John Lawrence.
He said there is still a lot of uncertainty about foreign demand for US pork because of the global economic slowdown.
He estimates that things would be back to normal in mid-2009.
The USDA reported on Tuesday (Dec 30) that farms had 66.7 million hogs on December 1, 2008, which is 2-percent lesser than last year.