Pork Production is up 0.7% on an annual average basis, and the industry is in a period of accelerating growth. The monthly and quarterly data are both rising strongly above year-ago levels, up 12.0% and 7.1% year-over-year, respectively. These gains show that the growth trend has some distinct positive momentum behind it. The annual data trend turned up in December 2014 and has risen 1.8% since then.
A typical rising trend in annual average production runs a little over two years, although historically, there has been substantial variability in the duration of past trends. The annual trend frequently fluctuates for a few months at a time but the sharp rise in the monthly and quarterly data suggests that this trend has some staying power and will support the cyclical growth going forward.