Consumers to pay more to pork out
China Daily | Updated: 2008-12-23 07:52
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Piglets crowd around their mother at a Bavarian pig farm near Traunwalchen, southern Germany. AP |
Hog prices are poised to jump 46 percent by June to the highest since May 1996 as producers slaughter more breeding sows to limit losses from rising feed costs, said Jason Britt, president of Central States Commodities Inc in Kansas City, Missouri. Fewer pigs may boost the cost of everything from Hormel Foods Corp's Spam to Sara Lee Corp's Jimmy Dean sausage.
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