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South Dakota Pork Congress speakers said producers had a profitable 2017 on record pork exports and low feed costs. An economist estimated profit per pig at about $29 for efficient producers, the second-best year in a decade.
Strong margins encourage herd expansion, which adds supply later. Low feed costs and strong exports are supportive for hog demand.
agweek.comMichelle Rook, Special to AgweekJan 22, 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.
