Tuesday, October 4, 2016

Too Many Fat Pigs

No its not another Trump quote, rather we are still seeing evidence of removal of oil rent making its way up the US food chain.

As of Sept. 1, the U.S. hog herd rose 2.4 percent from a year earlier to 70.85 million head, according to a USDA report released Sept. 30. That’s the highest ever for the month in data that goes back to 1866. Analysts in a Bloomberg survey expected a gain of 1.2 percent. 
Producers expanded after cheap grain made it easier to fatten up pigs -- the average hog weight is almost 211 pounds, about 4 pounds more than the 10-year average.

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