The impact of COVID-19 has caused hog values to plummet, creating a financial disaster for pork producers nationwide who face a collective $5 billion loss for the remainder of the year. Although the $1.6 billion allocated for hog producers under the newly released Coronavirus Food Assistance Program (CFAP) offers some help, it falls short of what is needed for many to sustain, said Howard A.V. Roth, Wisconsin, National Pork Producers Council (NPPC) president.
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