Given the run-up in grain prices, one might guess pork producers might be pulling in the reins a bit. But the March 28 U.S. Department of Agriculture Hogs & Pigs report indicated that a tidal wave of pork is headed our way. The U.S. hog herd, at 65.9 million head, was up 6.5 percent from a year ago, and the winter pig crop was up 6 percent—both numbers roughly 3 percent higher than expected.Moreover, Canadian hog imports are up 15 percent and pork output is running 12 percent ahead of 2007. ...
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