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News and analysis on the global poultry
and animal feed industries.
on August 7, 2009

US pork prices hit two-year low

Fears of H1N1 resurfacing in the fall have contributed to the decline in prices.

Pig prices in the U.S. tumbled to a two-year low following fears of a resurgence of the H1N1 flu this fall and a statement issued by U.S. Homeland Security Secretary Janet Napolitano, Reuters reported. Napolitano said that there would not be enough vaccine early in the flu season.

The Chicago Mercantile Exchange hog markets reported selling amid talks that producers have been sluggish in culling herds despite nearly two years of losses.

Smithfield Foods Inc. and Tyson Foods Inc. have taken the lead in liquidating some of their hog breeding herd.

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