The first part of the story talks about dwindling herds of hogs. (Herds??)
But then it goes on to say that the slaughter houses are slow due to lack of workers.
That would keep the herds larger. For now.
As long as Biden doesn’t pull an FDR and make the farmers slaughter their hogs and leave them to rot in the fields, the market will figure it out.
Right. The story doesn’t make sense. Breeding sows are on the increase, but haven’t recovered yet to Before Corona. Increased supply of slaughter hogs by summer.
China’s herd is also recovering, which will put less pressure on prices.
At BidenFlation prices of course.
Pork very cheap now. Iowa chain has boneless pork chops for <$2 pound.