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Farm economist Chris Hurt expects hog profit margins to narrow in 2018 versus 2017, reflecting somewhat lower hog prices and higher production costs tied to rising corn prices. He notes seasonal patterns, with best margins in the second and third quarters and lowest in the first and fourth.
Higher corn costs and lower expected hog prices squeeze producer margins, which can slow herd expansion and reduce hog demand for feed over time. Corn is the key input cost linking the outlook to feed markets.
farmprogress.comJul 14, 2017Not 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.
