group of pigs Scott Olson

LIVESTOCK MARKETS: Cloudy skies ahead for hog sector?

Drought in Argentina pushing up feed costs, threatening profit margins.

Even with a 3-4% rise in the pork supply, U.S. producers will likely continue to experience strong hog prices as a result of strong pork demand, according to Purdue University agricultural economist Chris Hurt. However, he said the drought in Argentina is pushing up feed costs and threatening profit margins.

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