Hog glut...prices low, farmers going broke

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Rivers of red ink are threatening to drown hog producers all across the midwest. Prices are the lowest they've been in more than 25 years. It's a variation on the oldest of economic forumula's too many hogs despite healthy demand. U.S. meatpackers can't process the animals fast enough to keep ahead of the glut. Some farmers wonder if the rise of a new form of hog marketing, the contract, is causing the industry's current problems. Mainstreet Radio's Mark Steil reports: These are gloomy days for hog producers. Everyone expected a price drop, but no one thought it would get this bad. J

Funders

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