US pork belly prices likely to fall as deadly pig virus wanes
Chicago
UNITED STATES pork belly prices are likely to fall further into the summer as supplies climb, now that farmers have finally controlled a deadly virus that wiped out millions of pigs, analysts said.
The US Department of Agriculture (USDA) expects pork production in 2015 to hit a record 24.09 million pounds as cases of Porcine Epidemic Diarrhoea virus (PEDv) wane, triggering an accompanying fall in prices. Hog slaughter and pork output both jumped over 11 per cent for the week ending March 28 versus last year.
