Doc;
A couple of points;
Jim Long is comparing production this year to 2013, as PED turned the numbers on their head last year.

http://www.thepigsite.com/swinenews/39306/pork-commentary-quarterly-hogs-and-pigs-report-hope-or-disaster/

What he doesn't mention, is the strong US dollar making exports more expensive,
And the heavy weights make extra pork.
Mind you, he sure has some bullish points too.
I think that the world knows what is in the US farmers barns,
if the price should be higher, wouldn't it have been higher by now?
Beef isn't gonna challenge with more pounds, so it must be Cheecken that is the culprit.
I'm hoping I am a little paranoid, and the prices firmup for the summer at least.
Later
Ed oooout