NPPC is warning of serious disruption to the U.S. pork industry. That’s especially with severe labor shortages at hog farms and in processing plants if already severe labor shortages are made worse by the coronavirus.
The lean hogs market dipped substantially lower. However, what will the markets do in light of African Swine Fever and the trade war?
AgDay Host Clinton Griffiths discusses more with Jim McCormick with AgMarket.Net.
FAPRI’s baseline projections point to little change in net farm income over the next decade, which could lead to further erosion in the farm financial picture for agriculture. For 2019, FAPRI sees livestock receipts not boasting the numbers USDA currently projects.