A livestock economist says pork demand is not keeping up with production, and producers are losing money. Steve Meyer with Ever.Ag says the only way producers can return to profitability is if the industry reduces supply.
He says that is easier said than done. “Largely because we’re reducing the sow herd, but productivity is going up at a faster rate than we’re reducing the sow herd,” he says. “So right now, I can’t project a very good 2025 until we start taking some action to reduce total supplies.”
Meyer says producers do benefit from increased efficiency in their operations.
