It appears 2011domestic pork demand will end the year showing a gain compared to 2010. I say “it appears” because the final pieces of data – December pork exports and imports – will not be available until mid-February. My calculations for December 2010 through November 2011 show demand 1.2% higher than the same period 12 months earlier. Plus, the calculations of University of Missouri Agricultural Economist Ron Plain, who used estimated December trade figures, indicate demand will be positive for the 2011 calendar year.
That record was built with solid gains in the first half of the year and “hanging on” in the second half as burgeoning exports reduced the amount of pork available in the United States and, I believe, a softening economy slowed the pace at which retail prices could be increased. Retail prices still set a record in September at $3.56/lb. and remained near that level ($3.46/lb.) in December, but steady demand would have pushed those values even higher given larger exports and concurrent lower domestic availability/consumption....
More