It’s no surprise that exports are an important market outlet for U.S. pork production. But did you know that exports are even more important to the pork industry than they are to either the beef or poultry industries?
Nationwide, producers are expecting input costs to rise at a rate of 8 percent or more in the upcoming year, which would be more than four times the average rise over the last 10 years.
According to Dr. Jim Mintert, Director of the Center for Commercial Agriculture at Purdue University, producers remain very concerned about possible changes to U.S. tax policy.
The Purdue University/CME Group Ag Economy Barometer rose 12 points in March to a reading of 177, marking the highest reading for the barometer since October 2020.
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