Pork prices dip drastically due to oversupply
by Olivia Tiboleng
@ 07 Oct 2016
Ham, bacon, ribs, and pork loins – if it has to do with pigs, prices are in the doldrums. Hog features were the worst investment in commodities last quarter and in the past year. That’s because there are simply too many pigs. They’re so numerous these days that slaughterhouses will have to add shifts and operate on Saturdays in November and December to process them all into food, according to Will Sawyer, an Atlanta-based vice president for Rabobank International.
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