Pork profits vanishing
Large pork supplies and trade disruptions have farmers nervous for what the fourth quarter of 2018 will bring, and rightly so, says Purdue livestock economist Chris Hurt.
“We’ve got a lot of supply coming, and then we have the tariffs on top of that; that will weaken demand,” Hurt told FarmWeekNow. “Running current numbers, we’re looking at losses in the fourth quarter that would be the worst since, dare I say it, the fourth quarter of 1998, that tragic time we had in the hog industry.”
If the U.S. loses trade opportunities with China...
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