Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Pig Prices Rise with Drought Concerns Local Farmers
By Joshua Cole Little
LUBBOCK, TX--- The price of pork continues to go up due to a 10 percent decrease in pigs, the drought and a virus and that has pig farmers in our area worried.
Denny Belew has been raising pigs for years. He said he's taking a few more precautions with his pigs since the recent spread of the PED virus that has killed so many pigs and driven pork prices up.
"Fortunately I haven't had it yet and dont intend to get it if that's possible," said Belew.
But its not only the virus driving prices. The drought has been effecting corn and soy prices for pig feed since 2011.
"Those two products or comodities went sky high well then the pork producer was not making any money so they started to scale back slightly," said Belew. "What affects any part of agriculture affects all of agriculture, you know. And no rain, dry weather has been the driving influence behind it all... Up until the last 60 days it was a losing proposition."
"The guys up in the Panhandle of Texas and in the Midwest... They're the ones that produce enormous number of pigs," said Belew. "The snowball effect or the perfect storm."
A snowball effect that is making everyone pay more for your bacon.