The Wall Street Journal has an article in tomorrow's editions about the boom in pork. "The other white meat" has seen wholesale prices double in the past 18 months, driven by switches from beef, a rising export market, and a renewed interest in pork recipes.
Ag economists expect US farms will slaughter 104mn hogs this year, a record. Current market prices are about 60 cents per pound to the farmer, which will produce a profit of about $50. Farmers of specialty breeds, organics, and others can expect to double these margins, and then some.
About 10% of the US slaughter will be exported. Much of this is to nations which have banned US beef in the wake of the Mad Cow scare in 2003. There's some concern (among pork people) that a dropping of the ban on beef will douse pork sales.
Pork is hot!
No replies to this topic
Posted 19 October 2004 - 02:20 AM
"Peter Kiewit looked for three things in hiring people. He looked for integrity, intelligence and energy. And he said if a person didn’t have the first…that the latter two would kill him. Because if they don’t have integrity, you want ‘em dumb and lazy. You don’t want ‘em smart and energetic.”