
Hog prices are falling seasonally, averaging about $10/cwt lower in November than August over the past decade. Iowa State estimates October farrow-to-finish profit at $33.77 per head and production cost at $61.10/cwt liveweight, while corn prices have been rising.
Seasonal slaughter increases and heavier weights are pushing hog prices lower into year-end, while lower feed costs help producer margins. Rising corn prices partly offset this for feed buyers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.