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.

Recent Headlines

in Viral Videos

Baby goat doesn’t care about dog’s nap

Fresh
12-overlay3

Keep on keepin' on, goat. We like your style.

in Entertainment

LiLo is (finally) finishing her community service

Fresh
lindsaylohan

The "Mean Girls" star had to log 125 hours before May 28 after a judge rejected her previous effort.

in Entertainment

Bob Barker is a boss at retirement

11-overlay6

The former "Price is Right" host and avid animal lover says he is a "complete success" at retirement, and is enjoying his free time.

in Entertainment

Want something sold? Get Liam Neeson to pitch it

liamneeson

The "Taken" star has edged out fellow Irish actor Pierce Brosnan to be named the most effective celebrity pitchman.

in Entertainment

‘The Shining’ cast reunites for 35th anniversary

Updated
shining

Members of the cast and crew of classic horror film "The Shining" came together to commemorate the 35th anniversary of its release.