GLENWOOD, Iowa (DTN) — Minnesota hog farmer Chad Lubben, 27, is offering hogs for sale on Facebook and Craigslist, and he is getting takers from all over the country.
Lubben told DTN he thinks he could sell 150 hogs by the end of the weekend at $80 a head. Farmers and small processors are bringing in trailers from Wisconsin, Washington state and New Hampshire.
“My breakeven is a little shy of $150. I’m losing $70 a head. In my opinion, I’d rather lose $70 a head than $150, so $80 is better than zero.”
The challenge is that Lubben has 1,600 head of market-ready hogs and is set for new pigs to arrive in about two weeks. Lubben is concerned more of his hogs will end up euthanized than sold for food.
“It’s a last resort in my opinion, absolute last resort,” he said. “It’s a prediction, but I hope I’m wrong.