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A black eye for the hog market

Agriculture.com Staff 05/01/2009 @ 11:59am

While the hog market is struggling in its own right to find demand in a poor economic situation, it received a black eye this week as the media went "full boar" (pun intended) pushing "swine flu" as headline news. Without much effort to emphasize that swine flu is neither the cause nor spread of the most recent flu strain to concern health officials, it nonetheless has been linked by association.

At this point, it does not appear that a single pig has been detected with or responsible for the spread of swine flu, which now has apparently been renamed to "North American Influenza/Influenza A (H1N1)." Nonetheless, this "gilt" by association has devastated the hog market early this week with sharp losses in futures of $5.00 to $9.00. Cash prices have also weakened. Political revocations have also been noted, as foreign countries quickly put a ban on imports. In some cases, our belief is they may have no choice in order to indicate to their population they are taking decisive action just in case.

The bottom line is that the hog market, along with other commodities, has been hit with a terrible price slide for something that they are not responsible for nor have any direct correlation with. Unfortunately, it is a case of mistaken identity, but the damage has been done. Now, it is up to the USDA and other health officials to aggressively argue that society does not need to be concerned with hogs and should concentrate on how best to defend itself from the spread of the North American Influenza.

If you have questions or comments, contact Bryan Doherty at Top Farmer, 1-800-TOP-FARM ext. 129.

While the hog market is struggling in its own right to find demand in a poor economic situation, it received a black eye this week as the media went "full boar" (pun intended) pushing "swine flu" as headline news. Without much effort to emphasize that swine flu is neither the cause nor spread of the most recent flu strain to concern health officials, it nonetheless has been linked by association.

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