The USDA ERS July 2024 report indicates a slight increase in U.S. pork production, driven by higher hog slaughter rates and heavier carcass weights. Pork exports are forecasted to rise due to robust demand from key markets, while imports remain stable. Domestic pork consumption is expected to grow marginally, supported by competitive pricing. The report also highlights the potential impacts of feed costs and disease outbreaks on production and market conditions.
For more details, visit the full report here.
