USA Today on the Pork Industry Bloodbath

USA Today on the Pork Industry Bloodbath

 In Blog

I linked yesterday to an article about America’s 22nd largest pork operation shutting down its business. Today’s USA Today spells out the pork industry’s troubles in detail:

Pig farmers have lost an average $23 on each hog sent to market since the crisis began in fall 2007, or a total of $5.3 billion, says Steve Meyer of Paragon Economics. Losses peaked at about $43 in August. Thousands of the USA’s 67,000 hog farms will shut down before the crunch likely ends in mid-2010, says Ronald Plain, economics professor at University of Missouri.

The pork industry’s overwhelmed by a perfect storm of spiking corn prices, a tough recession, and consumer fears of swine flu. Unfortunately, the USDA is riding to the industry’s rescue:

[Agriculture Secretary Tom] Vilsack said Tuesday that the Agriculture Department will comply with the pork council’s request to buy $50 million in pork products for school lunch and other programs to ease the glut.

Your tax dollars at work. Link.

Recent Posts

You can subscribe to our newsletter

Subscribe

Copyright © 2008-2019 Mocana Productions, Inc. All rights reserved. Made with by Cloudnames

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search