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Iowa State estimates show a typical farrow-to-finish operation lost $22.17 per head on April marketings, the worst returns since November 2016. Hog slaughter is up 3.3% since March, and futures imply only about $3.50 per hog profit for 2018.
Thin margins and rising slaughter and pork output point to continued weak hog prices in the second half of 2018, which tends to reduce demand for feed from hog producers.
nationalhogfarmer.comRon PlainMay 21, 2018Not 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.
