According to an economic analysis by Iowa State University economist Dermot Hayes and Kerns & Associates economist Steve Meyer, hog farmers will lose nearly $37 per hog or almost $5 billion collectively for each hog marketed the rest of the year, because of the coronavirus. Prior to the pandemic, hog farmers were generally expecting a profitable year, with forecast earnings of $10 per hog on average. The analysis is based on live hog futures between March 10 and April 10.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.