The price of pigs in the United States tumbled to a 19-month low this week as a result of the worsening drought, which is forcing farmers to sell more animals for slaughter to limit losses on higher feed costs.
More than 55 percent of the Midwest is in severe drought as of July 31, the United States Drought Monitor showed.
"We're obviously liquidating, and that's putting a little bit more pressure on the product market," Jason Golly, of Lynch Livestock.
Source: Pig World
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