Citing the challenges pork producers will face in coming months – Chris Hurt predicts a tsunami of red ink. In fact – he tells Brownfield the combination of a contraction in herd size combined with record high input costs could lead to record high losses in the pork industry. According to Hurt’s estimates – the pork industry lost around $45/head in the Fall of 1998. Using projected corn and hog prices – Hurt says producers could lose around $60/head going into the 4th quarter of 2012.
The begs the questions: Can the pork industry return to profitability? And if so – How soon?
AUDIO: Chris Hurt, Red ink in the pork industry (3:00mp3)
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