The National Pork Producers Council latest pork industry economic update summarizes five key pork industry market indicators through January 2023:
- Consumer pork demand
- Projected growth
- Labor shortages
- Production costs
- Ripple effect
Source: National Hog Farmer, February 14, 2023. Link.
. . . data on hog farm employment specifically shows that average wages increased about 10% over the past year while the number of employees was down 2%.”