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Iowa State's farrow-to-finish model now projects a slight 2018 loss of 20 cents per head, down from an $11 profit forecast in December. Carcass prices for 2018 are expected to average about $64.75/cwt, below last year's roughly $66.50, and corn and soymeal futures have risen this year.
Tighter hog margins from falling prices and higher feed costs may reduce herd expansion, which weighs on future feed demand, while higher feed futures raise producer costs.
farmprogress.comLee SchulzApr 18, 2018Not 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.
