date:May 08, 2014
nding a 19-week decline.
However, the hog-to-corn price ratio, a major indicator for the industry's profitability, stayed at 4.64:1 at the end of April, still far below the break-even point of 6:1 for farmers.
Food prices have roughly a one-third weighting in the calculation of the consumer price index, a major gauge of inflation, with pork prices being an important component.
The supportive policy is expected to ensure pork production in the long term, according to the commission.