date:Apr 16, 2014
rage value of $70 = a loss of $560 million industry wide. 105 million market hogs in USA 2014 average value increase per head due to PED - $50. $105 million times $50 = $5.25 billion. $5.25 billion less $560 million. Bizarre but true cash market gain more than covers PED cost. The one downside early hedgers before market moved up and then got PED will not be in a wonderful profit position.