“The nation’s pork industry will continue to experience some of its worst economic losses in recent history as record-setting drought decimates feed supplies, says Purdue Extension agricultural economist Chris Hurt.  Producers could lose about $30 per head this summer and nearly $60 per head during the final quarter of the year as continued liquidation of herds drives down market hog prices and drought drives up feed prices. This exceeds the previous record quarterly losses of $45 per head in the final quarter of 1998. In recent weeks, slaughter has jumped by 6 percent.”

http://www.economicpolicyjournal.com/2012/09/major-losses-expected-for-pork-industry.html

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