UIUC Weekly Outlook: Pork Producers' Ability to Pay for Corn
Crop not big enough to meet the entire consumption base
"The industry remains hopeful that both China and South Korea will purchase more pork from the United States. Greater pork exports would stimulate hog prices and enable the industry to pay more for feed. Unfortunately, domestic consumer demand is expected to be weak as consumer income growth is expected to remain modest in coming months," Hurt added.
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