date:May 23, 2012
e enough by itself to have caused the total failure of a spring rally, he says. The lack of price increases does not seem to be related to weakened export demand either. Both pork and beef export data available do not show declines in foreign purchases. In fact, pork exports in the first quarter were up 16%.
At the same time, feed prices haven't helped profit potential. Hurt expects the total cost of production for a farrow-to-finish operator to near $66/head with today's corn and soybean meal