Purdue University livestock economist Chris Hurt said the pork industry outlook has made a major shift to the upside as pork producers this year have been experiencing higher-than-expected hog prices.
According to Hurt, the low point for the industry was in late November, when hog prices dropped to near $32/cwt. on a live weight basis, but recent live prices have reached the mid-$50s, pulling the industry out of deep losses and into profitability.
“The leading reason for
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