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Last Friday's quarterly Hogs and Pigs report did little to allay fears that the North American pork industry is in for another year of economic difficulty. As has been the story in most recent reports, any reductions of productive capacity being made by U.S. producers are being almost simultaneously offset by rising productivity...
In last week's Preview, I pointed out that one of the factors in lower-than-expected hog prices this summer is being driven by some unexpected production. Those extra head and extra pounds continue to be a drag on this market and have now persisted long enough to call into question...