“Classic boom-and-bust price pattern” looms for hog farmers

After hitting record highs last year, hog prices hit a five-year low in recent weeks, writes Purdue economist Chris Hurt at farmdoc daily. An expansion in hog numbers has “helped create what may be the greatest collapse of hog prices ever. A classic boom-and-bust price pattern.” Hurt says hog prices are likely to average $55 per… » Read More