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hogs. pork
Indiana corn prices have dropped sharply since September. The most recent WASDE report indicates that corn prices could remain low for the foreseeable future. Obviously, lower expected corn prices will translate into lower expected feed costs during the first part of 2024. What trends in feed costs will we see for 2024? And what’s the impact of corn and soybean meal prices on feed costs for farrow-to-finish and swine finishing operations?
Read MoreIndiana corn prices during the first quarter of this year were on average approximately $6.60 per bushel. The most recent WASDE report indicates that corn prices could be substantially lower for the upcoming crop.
Read MoreCorn prices are 25% higher and soybean meal prices are 1% higher. Given that many of the supply and demand factors impacting the 2022 crop are going to persist way into 2023, what are the prospects for feed costs for farrow-to-finish and swine finishing production in the upcoming year?
Read MoreExports of U.S. pork to all destinations in 2021 declined modestly (3%) when compared to 2020, but export volume in 2021 was still the second largest on record. U.S. pork production declined 2% in 2021 to 27.7 billion pounds so pork exports, at just over 7 billion pounds, equated to 25% of U.S. pork production.
Read MoreGiven the uncertainty related to supply and demand, feed prices are likely to remain volatile during the 21/22 marketing year. This article examines trends in feed costs as well as the impact of corn and soybean meal prices on feed costs for farrow-to-finish and swine finishing operations.
Read MoreThe pandemic disrupted food production, processing, distribution, and consumption across the board. As a result, dramatic shifts in price relationships have become commonplace. Examining changes in these price relationships can provide clues to shifting interest among consumers for food items, including various pork cuts.
Read MoreIt’s no surprise that exports are an important market outlet for U.S. pork production. But did you know that exports are even more important to the pork industry than they are to either the beef or poultry industries?
Read MoreAlthough lean hog futures prices and pork cutout values are correlated, they can diverge significantly at times leading to interest in developing a risk management tool that more closely matches the price series used in many cash contracts. Recently CME Group launched pork cutout futures and options in an attempt to address this challenge.
Read MoreIt comes as no surprise that feed costs on hog operations have risen sharply since last summer. May 2021 Chicago Board of Trade corn futures prices hit their summer low settlement price last August at $3.46. In early March, May 2021 corn futures were trading near $5.40, an increase of over 50 percent in just…
Read MoreImprovements in production performance are critical to controlling production costs and for the industry to remain competitive in comparison to swine producers in other countries and competing meats. This article examines long-term trends in pigs per litter.
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