Pork Commentary: Is There Any Relief in Sight!
CANADA - The cash market remains dismal, writes Jim Long, President and CEO, Genesus Inc. Last Friday Iowa-Minnesota averaged 49.53 lean. With breakevens around $75.00 that works out to a $50.00 a head loss. With the Canada-USA slaughter hovering around 2.7 million head a week it translates industry wide into an equity evaporation of about $130 million a week.
19 March 2008
2 minute read
