Hog farmers face near $5 billion loss
Story Date: 7/22/2020

 

Source: SOUTHERN FARM NETWORK, 7/21/20


An analysis by economist Steve Meyer for the National Pork Producers Council shows an estimated two million hogs still backed-up on farms with a potential 2020 revenue from hog sales has been reduced by roughly $4.7 billion. According to Meyer’s report, other losses associated with euthanasia, disposal and donation of pigs with no market outlet and insufficient space to hold them mean U.S. pork producers have lost nearly $5 billion this year.

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