There are still opportunities for pork producers to lock in profits for 2017, a market analyst told producers last week at the 2017 Iowa Pork Congress in Des Moines.
"The profit outlook for this year isn’t good, but it’s much better than what we saw in the fourth quarter of 2016. There’s still black ink for 2017," said Steve Meyer, vice president of pork analysis for EMI Analytics, Inc.
Pork profits in 2016 averaged nearly $5 per head. This year, producers are looking at $1.89 per head returns.
"The fact that it’s ...