NPB worried about long term pig prices
The US National Pork Board is worried about pig production costs from 2008 onwards.
The NPB fears that the increased demand to corn as a result of ethanol legislation will increase maize prices, and eventually US pig prices too.
Steve Meyer of Paragon Economics said that the roughly $1.50 per bushel increase in maize prices in recent months has increased pig production by roughly $20 for each 115 kg market pig.
Majority
It is predominantly 2008 onwards the NPB and Meyer are concerned about, as a large majority of the pigs, to be harvested in 2007 is already available – as are the sows that will breed them.
The NPB will discuss the emerging ‘food vs fuel’ issue at its first meeting of 2007, to be held January 11-12 in Tucson, Arizona. Anyone wishing to attend the meeting should contact Lorraine Garner at +1 (515) 223 2600.
Related web sites:
• National Pork Board
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