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Marcellus, Mi | Since 2019 the breeding herd is down 500k sows. But productivity increased because most that went out had cronic disease issues or low productivity.
WH group bought out Smithfield and even some of those units were shut down for whatever reason in the last few years.
And from what i've heard/read Murphy family Ventures bought 150k sows from WH Group (because the finishers they retained after 1998? Would have been worthless without production to fill them.
In short the hog market had severe damage in 2020 and again in 2023. This market drop was not anticipated by most everyone ive talked to mostly because of severe disease pressure this spring and a sow herd that is still in decline. | |
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Hog mkt. crash?
