The US Department of Agriculture (USDA) is forecasting a 3 percent increase in commercial pork production in 2007 to 21.7 billion pounds.
This estimate, based on the December Hogs and Pigs report, assumes continued high feed costs will likely force carcass weights to remain at 2006 levels. Increases in exports and decreased poultry production may help offset higher pork supplies and translate into hog prices ranging between $42 and $44 per cwt, 9 percent lower than 2006.
Source:
Meatingplace.com