SwineCast 0425, WPE - Economics Update From World Pork Expo

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SwineCast 0425 Show Notes:
  • National Pork Producers Council Don Butler and Neal Dirk present a rollercoaster perspective of the industry’s economic outlook in light of recent events.

    While some foreign markets have been reopened, hog price increases have offset expenditures, the media’s exacerbation of H1N1 is slowly moving behind us, and the economic outlook won’t be as optimistic as desired.

    With a loss of $8M per day, producers need to take a hard look at hedging and contracts, sow herd reductions, and impact on the labor force. Assistance has been requested from the United States Department of Agriculture (USDA) and work with US trade representatives may hold some promise.
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