Date: July, 2008
Abstract: After more than three years of strong profitability, hog producers in the United States (U.S.) have been in the red for the last nine months. It has been suggested that the industry is in the middle of a perfect storm — excess hog supplies, record feed prices and initial concerns regarding the robustness of domestic demand. While the industry is undoubtedly being forced to adjust to a new, unique, and difficult operating environment, a 1998-like collapse does not appear likely and those pa...
Research Type: Ag Focus