Pork production tops beef for first time in three years
Dow Jones Newswires 12/01/2011 @ 1:50pm
The USDA reports pork output in America for the week ended November 19 topped beef for first time since December 2008.
Large hog supplies, along with strong world demand for pork, have encouraged processors to operate their plants at high levels throughout the fall. Meanwhile, tighter supplies of market-ready steers and heifers--coupled with more cull cows in the slaughter mix--led to reduced beef output that week, says Bob Wilson at HedgersEdge.com.
The mix resulted in cow slaughter exceeding 150,000 head for first time since 1997 as cull cows are lighter than steers and heifers, producing less beef in the process.
(END) Dow Jones Newswires
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