Ag Moment

Go ahead, take a moment for some Ag news and information on the net

Thursday, January 05, 2006

But, will American's continue to pig out?

From AgWeb.com - Economist: Pork Demand the Big Unknown

Iowa State University ag economist John Lawrence says the big unknown in the lean hog price outlook is pork demand. He notes demand for pork was very strong in late 2003 and 2004, with some quarters posting an increase in supply and an increase in price at the same time. "For the year of 2004, per capita pork consumption decreased 1% and Iowa farm level prices increased 33%, an approximately ten times bigger impact than was expected," he notes.

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