# Spooky markets and volatile margins

> December lean hogs fell about 18% in late September from $89 to $73/cwt before recovering through October. The contract turned lower again after resistance near $90. Corn and soybean meal remain at historically elevated prices, raising hog production costs into 2023.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39275-spooky-markets-and-volatile-margins
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Volatile hog prices and high feed costs compress producer margins, which can reduce hog herd expansion and feed demand for corn and soybean meal into 2023.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: neutral

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/spooky-markets-and-volatile-margins

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.