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US hog producers are enjoying some of the highest weekly hog prices since 2014 amid strong domestic pork demand. The National Pork Producers Council says total production costs rose 23.9% over the past year, with feed costs up 35.5%, and breakeven is over $80/cwt.
Producers remain hesitant to expand herds.
Feed costs up 35.5% squeeze margins and limit herd expansion, which keeps hog supply tight and supports prices. Rising grain costs linked to the Ukraine war add pressure on feed buyers.
seekingalpha.comCME GroupMar 22, 2022Not 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.
