Feed costs may hurt pork industry

Feed costs may hurt pork industry

Pork producers may lose $6 per head after torrential rains damage Midwest crops.

IN a matter of weeks, the outlook for the pork industry went from being one of positive margins to one of potential losses as torrential rains have soaked midwestern states, damaging crops and resulting in increased corn and soybean prices.

Purdue University agricultural economist Chris Hurt said weather-damaged corn and soybean fields are also damaging to hog producers as rising feed prices mean higher costs of production for the pork industry.

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