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EMI Analytics says US hog production costs look favorable for the summer, with futures covering break-evens in the upper 60s per cwt. The March Hogs and Pigs report shows the breeding herd expanding and fall slaughter numbers likely higher than a year earlier.
Lower feed costs from large soybean and corn crops could cut break-evens further, but heavier fall supply is expected to pressure hog prices. Price forecasts were raised to the low 70s for summer and the low 60s for fall.
thepigsite.comGlobal Ag MediaApr 30, 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.
