As deadly pig virus wanes, bacon prices shrink

March 31, 2015 8:41 PM

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CHICAGO (Reuters) - U.S. pork belly prices are likely to fall further into the summer as supplies climb, now that farmers have finally controlled a deadly virus that wiped out millions of pigs, analysts said.

The U.S. Department of Agriculture (USDA) expects pork production in 2015 to hit a record 24.09 million pounds as cases of Porcine Epidemic Diarrhea virus (PEDv) wane, triggering an accompanying fall in prices. Hog slaughter and pork output both jumped over 11 percent for the week ending March 28 ve...

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