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An Iowa State economist says soybean meal and DDGS prices are each up about 11% from a year earlier, and complete feeds are up over 20%. Higher feed costs are weighing on hog profitability alongside compressed hog prices.
Elevated feed input costs continue to squeeze livestock margins, which can reduce animal numbers and feed demand over time.
econ.iastate.eduAug 11, 2023Not enough comparable past events yet for a historical read.
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.
