Pork Industry Downsizes
Mon Jul 30, 2012 06:29 AM CDT

OMAHA (DTN) -- Surging feed costs are pressuring livestock industry profits worldwide, triggering herd liquidations and altering global grain trade.

"It is clear that we have passed the 'no margin for error' feed supply situation. The drought can be seen as a major error, and the industry has entered into a situation where sufficient sourcing at any price is the primary concern for both farmers and processors," Rabobank reported Friday in its pork quarterly. "The goal is now to limit losses."

The report, authored by Rabobank's Food ...

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