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EMI Analytics said new pork plants in Iowa and Michigan lift total US hog slaughter capacity to 2.6 million head per week, and another Iowa plant opening next fall plans to buy half its hogs on the open market. Analysts say producers can price inputs and products into 2018 at profitable levels.
Added packing capacity increases competition for hogs, which can narrow packer margins and support producer prices, while also signaling higher future hog demand.
brownfieldagnews.comDec 11, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
