Hog Prices Take Off, Probably Due to PED-V

How large are the losses of baby pigs due to PED-V (Porcine Epidemic Diarrhea Virus) and how will the losses reduce slaughter supplies this spring and summer and for the rest of 2014? No one knows the correct answer, but lean hog futures market participants seem to have decided that the losses will be very large for slaughter supplies this spring and summer. In the past two weeks, April lean hog futures have risen by $10.68 and June futures have risen by $6.10 to record highs.
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