China Pig Profits Up 1000% and Ag Min Wage Highest in PNW

China Pig Profits Up 1000% and Ag Min Wage Highest in PNW

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**China’s second largest pig farmer, Muyuan Foods, has reported that full-year profits for 2019 jumped more than 1,000% to nearly $870 million due to record hog prices caused by a drop in supply from the devastating African swine fever.

According to, the company sold more than 10 million pigs last year, benefiting from a 140% increase in hog prices.

Reports indicated China’s hog herd shrunk 41% by the third quarter, but many experts believe it may be more.

**Indoor Ag-Con, an indoor agriculture conference and trade show, has announced a marketing partnership with the Produce Marketing Association.

Set for May 18-20 in Las Vegas, reports the 8th annual Indoor Ag-Con conference has more than 50 presenters with backgrounds in business, science and technology, alternative crops, and greenhouse precision agriculture.

The alliance between Indoor Ag-Con and PMA gives PMA members access to the education sessions and exhibit hall for a 20% discount.

**New USDA data shows the minimum hourly agricultural wage rates are highest in the Pacific Northwest.

According to, for fiscal 2019, the minimum hourly wage in Washington and Oregon was $15.03.

Hawaii was next at $14.73, but the wage rate was also high in the Dakotas, Nebraska, and Kansas at $14.38.

Alabama, Georgia, and South Carolina had the lowest minimum wages at $11.13.

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