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| MF, I think Grimes and Plain hit the nail on the head when they said:
"As has been stated several times this year, our problem in the hog industry is not demand relative to the past but high costs of production because of ethanol. However, the only way to solve the problem is to reduce production because feed costs are going to stay high relative to history."
Corn ethanol has screwed the livestock sector, and we must reduce our supplies to force prices up to the consumer. It will be a slow, painful process. Maybe the livestock industry can buy a few politicians and get the mandates and subsidies stopped, but most of the livestock guys I know want nothing to do with the government. Most of the corn farmers know how to farm the government as well as any welfare queen. There are lots of things lining up against pork producers. I do not see a bright future. | |
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Hogs
