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Pork industry may face large losses
Story Date: 6/5/2018
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Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 6/4/18
Large pork supplies, rising costs, and potential trade retaliation from both Mexico and China continue to cast a shadow over the pork industry. Losses are expected for the rest of 2018 and 2019. Those losses will be small this summer, but then the bottom falls out. Losses of more than $25 per head are estimated for the last quarter of 2018 and the first quarter of 2019.
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