Publisher's Synopsis
Excerpt from Review of Farm-to-Retail Price Spread for Pork: Hearing Before the Subcommittee on Livestock of the Committee on Agriculture, House of Representatives; One Hundred Third Congress, Second Session, November 29, 1994; Serial No; 85
Mr. Volkmer. The Subcommittee on Livestock is meeting today to review the Sharp decline in many prices received by pork produc ers and the farm-to-retail price spread for pork.
Pork producers who I have talked with are growing increasingly alarmed at both the drop in prices and the prospect that this Situa tion may continue for some time. They are also concerned that con sumers are not seeing a corresponding drop in retail prices, so they are asking me where that consumer dollar is ending up.
Producers are also anxious to see that product move, or else the surplus - in other words, ease the surplus so that the surplus does not continue to depress prices for a longer period of time. It is somewhat ironic that at the same time that producer prices are at a 22-year low, the producers themselves are paying for promotion programs to Spark greater consumption, while others are gaining the profits.
One of our purposes today is to look into the farm-to-retail price Spread, how it compares to historic margins, the factors that affect it and how it might be expected to change in the months ahead.
Beyond the price spread issue, we also want to consider the over all effects of the low cash prices on pork producers. The projections I have seen from the University of Missouri are for these low prices to continue well into the next year and our Members need to be aware of the impacts that will cause.
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