date:Jun 16, 2012
Brazils minister of Agriculture, Livestock and Supply Mendes Ribeiro Filho formed a crisis cabinet in response to the industrys call for emergency action from the government to address the big losses currently faced by producers.
According to the Brazilian Association of Pig Breeders (ABCS), producers need a minimum of R$2.60 per pound liveweight to produce pigs profitably, but some farmers are receiving just R$1.90. These low prices, combined with the rising cost of inputs such as corn and soy