Optimism in weaned pig prices

You can’t pick up a magazine associated with the pork industry without reading an optimistic story or column about the potential for profits in the coming 12 months. This optimism is now in the weaned pig market. In the past 3 weeks the average spot market price for weaned pigs reported by the USDA has risen $13.52 per pig. This past week the spot market averaged $30.92/pig delivered, up from $17.40 per pig for the last week of September. This rapid rise in price occurs every fall but this year the rise is 2-4 weeks earlier than historic records. Read More...