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Pork Margins Tight for 2016
It looks like another year of tight margins for pork producers according to Purdue University Extension economist Chris Hurt. 2016 pork production is expected to rise by about a percent, but beef will go up four percent and poultry by three percent. Hurt says that means there will be much more meat for consumers causing retail prices to fall. The future of the U.S. pork industry also looks grim with weak income growth from the global marketplace.