The big guys are hurting too. Some of them have marketing contracts, but those contracts were available to everyone regardless of size. This should take care of the outside investors in the hog business. What scares me the most is the weather pattern. That would cause a blood bath.
Nobody is immune to that.
The Asian crisis is a major factor in the outlook for U.S. meat exports, USDA economist Milton Madison said today. Meat sales to Asia may not recover for three or four years, he said, thoug h increased exports to Canada and Mexico are helping offset the losses in Asia. Allendale believes the word that Taiwan will partially open their pork and poultry markets in order to join the World Trade organization is good news for exports. All rights reserved.