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Marcellus, Mi | The problem with pork right now is there's a global liquidation going on right now.
China cut back 10% of its herd which is nearly 4 million sows.
The EU is in the later stages of sow reduction from ASF in Spain and high feed costs in other regions.
The US is the last to join the party as our exports try to compete with the bargin hunting from other countries.
Then Mexico has an anti dumping claim against the US, which has slowed ham movement into Mexico.
Lastly 25% of US pork is exported and the bad part is they only really like to buy it when its on sale. Just like the grain market.
HIGH EXPORT SALES ONLY MEAN YOUR PRODUCT IS CHEAP! | |
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Pork can get more worser
