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Global pork production returning to profitability
A recent Rabobank report says the global pork industry is starting to shift as sow herd numbers begin to plateau after declining for some time. The stabilization is a result of better-than-expected consumption trends coupled with reduced production costs across most regions. These factors are contributing to a more optimistic outlook for hog prices and are encouraging producers to consider rebuilding their herds. “The industry’s improved supply-demand balance has led to a contraction...