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Hog-Culling Next As Meatpacking Plants Shutter Operations Stoking Food Shortage Fears In Weeks
 [Zero Hedge] Steve Meyer, an economist at consultant Kerns & Associates, said hog farmers don't have extra pens and feed yards, that is why many of them are starting to cull herds. He said overcapacity is everywhere in the farming industry and resulted in the dumping of products:"Nobody wants to do this," Meyer said. "It's not as easy as dumping milk on the ground like the dairy guys do. It's not as easy as breaking eggs in a broiler operation and eight weeks later having fewer birds on the market. We have a 10 month chain from the time until the pigs hit the market." Food shortages could occur "two weeks from now in the retail outlets," warned Dennis Smith, a senior account executive at Archer Financial Services. Posted by: KBK 2020-04-26 |
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