“Buying the feed and selling the meat is not nearly as good a model as it was a few years ago,” said Steve meter, economist at Paragon Economics. “That is a fundamental change. For a long time, you were a lot better off buying the feed instead of the animals.”
According to Reuters, Wall Street analysts expect
Meyer said that companies lost money on hogs in June and July and will likely lose money for the rest of the year.
Source: Reuters