Ag economist Chris Hurt says trade retaliation by China and Mexico could cost pork producers more than $25 dollars per-head by the end of this year.
“There’s a lot of pork out there. Pork production so far this year is up nearly 4 percent, and as a result live hog prices have been down about 3 percent.”
He anticipates small losses through the summer, but says the combination of large supplies, rising costs, and trade uncertainty will crash the market in the fourth quarter.
Continue reading Trade retaliation could cost pig farmers $25 per-head at Brownfield Ag News.
