# Feed cost fluctuations merit a keen eye

> Soybean meal futures rose from $330 in early February to $390 in early March, and corn futures also increased in recent weeks. A Purdue analysis examines how these moves affect swine finishing feed costs, with the rise attributed to dry weather in Argentina.

- Date: 2018-03-12 · published 2018-03-12T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66078-feed-cost-fluctuations-merit-a-keen-eye
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher meal and corn futures lift swine finishing feed costs, squeezing hog producer margins unless offset by hog prices.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-03-22 | [Market trends: Spike in feed cost sees rations rise - Poultry World](https://feedsoft.ai/events/66077-market-trends-spike-in-feed-cost-sees-rations-rise-poultry-world.md) | +1.9% | +2.4% |
| SBM | 2018-04-02 | [Higher feed costs affect pork profits](https://feedsoft.ai/events/65629-higher-feed-costs-affect-pork-profits.md) | +0.6% | +2.4% |
| SBM | 2021-05-13 | [Drought Hits Brazil Corn; Feed Costs Could Squeeze Meatpacker Margins - AgWeb](https://feedsoft.ai/events/46924-drought-hits-brazil-corn-feed-costs-could-squeeze-meatpacker-margins-agweb.md) | -9.3% | -13.4% |
| SBM | 2018-09-03 | [Feed prices ‘unsustainable’ as tough market conditions impact egg producer margins - FarmingUK News](https://feedsoft.ai/events/63040-feed-prices-unsustainable-as-tough-market-conditions-impact-egg-producer.md) | +4.0% | +2.2% |
| SBM | 2016-04-21 | [Argentina floods cause soy crop losses, force evacuations \| AP News](https://feedsoft.ai/events/8547-argentina-floods-cause-soy-crop-losses-force-evacuations-ap-news.md) | +2.0% | +16.9% |
| CORN | 2022-08-17 | [US Feed Grains Situation Tightening](https://feedsoft.ai/events/40094-us-feed-grains-situation-tightening.md) | +0.3% | +3.8% |
| CORN | 2018-04-02 | [Higher feed costs affect pork profits](https://feedsoft.ai/events/65629-higher-feed-costs-affect-pork-profits.md) | +2.3% | +3.1% |
| CORN | 2026-10-06 | [Margins Tighten for Producers Amid Feed and Fuel Cost Increases - NMPF](https://feedsoft.ai/events/17118-margins-tighten-for-producers-amid-feed-and-fuel-cost-increases-nmpf.md) | -1.8% | -5.6% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/feed-cost-fluctuations-merit-a-keen-eye

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