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Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.
Tyson Foods’ decision to shutter four poultry processing plants yet this year and into early 2024, combined with Smithfield Foods closing 35 pig farms, are strong signals consolidation is already occurring, according to ag economists.
“There are some things that we've adopted over the years that really aren't particularly useful and I think in some cases even detrimental to our performance,” says Dave Mitchell.
