Profits look slim moving forward
A combination of two items is needed to restore profitability to the industry: lower corn prices and higher pork prices.
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A combination of two items is needed to restore profitability to the industry: lower corn prices and higher pork prices.
The March Hogs and Pigs Report looks “sharply neutral” upon first glance, AgriTalk’s Chip Flory said during the Thursday afternoon show.
The first four months of 2022 have seen a lot of upward pressure in several commodity markets. Global Commodity Analytics Persident Mike Zuzolo says there are a lot of negative demand features in place.
Declining beef and pork production may offset increased broiler production and lead to a decrease in total meat production in 2022. The latest forecasts from the Livestock Marketing Information Center