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A hog outlook column says good US corn and soybean crops have pushed feed prices low, with corn near $3 a bushel and Decatur high-protein meal around $300 a ton. It expects pork producers to expand output 2% to 3% over the next year and hog prices to fall $1 to $2 per carcass hundredweight in 2018.
Lower feed costs support expanded pork output, which adds to meat supply and pressures hog prices. Feed demand from the hog sector stays supportive only if corn and meal remain under the profit thresholds the column cites.
farmprogress.comOct 5, 2017Not 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.
