CHICAGO (Reuters) – Financially stricken U.S. hog producers are cutting back on supply in a bid for profits but consumers will continue to get plentiful pork at grocery stores well into next year, analysts said on Friday.
“Pork should continue to be a very good buy, especially in the fourth quarter,” said Ron Plain, livestock economist at the University of Missouri. “Normally pork is a good buy in the grocery store during the fourth quarter and that should be especially true here this year.”
The country is awash in pork amid a slowdown in export demand due to the spread of the H1N1 flu, commonly referred to as swine flu despite the absence of evidence to show that the disease can be contracted through consumption of pork.
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