DES MOINES, Iowa — Three ag economists offered their price predictions for the U.S. pork industry going forward.

The analysts — Joe Kerns, of Kerns and Associates in Ames, Iowa; Ron Plain, of the University of Missouri at Columbia; and Len Steiner, of Steiner Consulting Group in Merrimack, New Hampshire — spoke during a Pork Checkoff-sponsored media call following the release of the third quarter U.S. Department of Agriculture Hogs and Pigs Report.

Joe Kerns, using National Net Price, All Methods:

  • Fourth-quarter 2019 — $60 to $63 per hundredweight.
  • First-quarter 2020 — $63 to $66 per hundredweight.
  • Second-quarter 2020 — $72 to $75 per hundredweight.
  • Third-quarter 2020 — $70 to $72 per hundredweight.
  • Fourth-quarter 2020 — $63 to $65 per hundredweight.

Dr. Ron Plain, using the Iowa/Minnesota Carcass Prices, Negotiated:

  • Fourth-quarter 2019 — $60 to $63 per hundredweight.
  • First-quarter 2020 — $61 to $64 per hundredweight.
  • Second-quarter 2020 — $72 to $75 per hundredweight.
  • Third-quarter 2020 — $73 to $76 per hundredweight.
  • Fourth-quarter 2020 — $62 to $65 per hundredweight.

Len Steiner, using CME 1-Day Lean Hog Index:

  • Fourth-quarter 2019 — $70 per hundredweight.
  • First-quarter 2020 — $78.5 per hundredweight.
  • Second-quarter 2020 — $89.67 per hundredweight.
  • Third-quarter 2020 — $86.33 per hundredweight.
  • Fourth-quarter 2020 — $78.33 per hundredweight.

Jeannine Otto can be reached at 815-223-2558, ext. 211, or jotto@agrinews-pubs.com. Follow her on Twitter at: @AgNews_Otto.

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