(Le Mars) -- The nation's pork industry continues to expand with announcements of new pork processing facilities to be built in Sioux City, Michigan, and this week Prestige Farms made the announcement to construct a new pork processing facility near Mason City, Iowa. An Iowa State University livestock economist says the nation's hog numbers continue to increase. Lee Schulz says pork production has set new inventory records for the last few years, and doesn't show signs of slowing down.
Schulz says the added hog inventories will ultimately mean lower prices for producers and consumers as we will have an abundance of pork products. He says the new processing facilities are strategically located to absorb the expansion within the pork industry.
The Iowa State University livestock economist believes the only way for consumers to keep up with the loaded supplies is to see pork exports increase.
On Friday, the U-S Department of Agriculture will issue its quarterly hogs and pigs report. Schulz anticipates that report will show even more expansion in the pork industry.