WEST LAFAYETTE, Ind. – The past two years were not good ones for those in the pork industry.
High grain prices, thanks to an increased demand for alternative fuels, and a weak economy made 2008 and 2009 dismal. Purdue University Agricultural Economist Chris Hurt said in those two years, pork producers lost money. Because of those losses, pork supply is down 5% for this year.
"Losses were about $20 per head each in 2008 and again in 2009," said Hurt.
High grain prices and a weak economy weren't the only contributing factors. The H1N1 virus also had an impact. A misconception that the disease was spread through pork products hurt the industry.
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