News

Pork Prices Headed Higher Due To PED Virus

Pork Prices Headed Higher Due To PED Virus

Photo: clipart.com

Spencer, IA: (May 01, 2014) – The Porcine Epidemic Diarrhea (PEDv) virus, that has now killed as many as seven million piglets, was front and center at a livestock subcommittee hearing in Washington this week.

National Pork Producers Council (NPPC) President Dr. Howard Hill said hog prices could rise by 15 to 25 percent and consumer prices could rise 10 to 12 percent as a result of the virus.

There is no food safety concern with PEDv, and Dr. Hill said consumer demand does not appear to be slipping in response to rising pork prices. Because of that, he says the industry is poised for a strong year financially.

Pork industry economists estimate that pork production could fall six to eight percent in the third quarter due to PEDv. Hill told lawmakers that, when combined with lower costs of production, pork producers could see “their best year ever.”

Hill told lawmakers that NPPC wants Congress to probe how two strains of PEDv entered the U.S. and to devote significant resources to controlling and finding a vaccine to prevent the disease.

PEDv was first detected in the United States a year ago. More than 4000 outbreaks have been seen in at least 30 U.S. states, four Canadian provinces and several areas in Mexico.

Hill testified that, for pork producers who experienced PEDv in their herds, the better financial prospects come at a cost.

Local Headlines

in Local

Thee Hired To Council

thee

The Iowa Great Lakes Area Chamber of Commerce hires a new president and CEO...

in Local

Estherville Tattoo Maker Arrest

Police

An Estherville teen is charged after giving a tattoo,..

in Local

Spencer Cemetery Deadline

News CitySpencer1240

Winter wreaths are allowed to be put in place starting next Wednesday, October 8th...

in Local

Community College Workforce Grants

cash1240

Iowa Lakes Community College is in line for over $808,000...

in Local

New CCF Grandstand Ticket Option

ccf1240

The Clay County Fair will have a new way to purchase Grandstand tickets next year...