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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (216331)	8/19/2009 1:09:21 PM
From: ggersh	Respond to of 306849

ROFL!!!!

To: Les H who wrote (216331)	8/19/2009 1:13:23 PM
From: Les H	Read Replies (1) \| Respond to of 306849

No cash for porkers The National Pork Producers Council, spurned a week ago in its request for $50 million in federal assistance, renewed the request Monday and also asked for a study of the impact on expanded use of ethanol in gasoline blends. The industry was rebuffed last week by the U.S. Department of Agriculture, which said no funds were available for the special purchases of $50 million worth of pork products for low-income recipients. "We're asking for legislation that would lift the cap on the so-called "Section 32" funds, of which about $300 million are available, to purchase $50 million worth of pork and another $50 million to be purchased on Oct. 1 at the beginning of the new fiscal year," said Neil Dierks, president of the National Pork Producers Council. Dierks said the pork industry has lost a collective $4.5 billion in the last two years and that producers are facing losses of up to $54 per live hog because of a decline in hog futures prices of around 95 cents per pound a year ago to 44 cents per pound this week. Cash hog prices have been around 35 cents per pound in the last two weeks. Producers say they need at least 50 cents per pound to break even. desmoinesregister.com