Markets

Markets

Weather expert predicts $6 corn

Would you believe a $6 to $7 corn price prediction? Bill Kirk, a weather statistician and owner of Weather Trends 360, asserts that corn prices could hit the $6.50 to $7 range this summer. According to his weather outlook, 2016 will mean lower yields both in the U.S. and in Brazil, reversing the current supply and demand debacle.

Markets

Westphalen: Weaner breakeven climbs above $61

Looking at hog sales in July 2016 using August 2016 futures, the weaner breakeven was $61.32, up $2.24 for the week. Feed costs were up $0.37 per head.

Markets

Hog Outlook: Seaboard Foods to buy portion of Christensen Farms

This week, Seaboard Foods announced an agreement to buy a portion of Christensen Farms hog operations, a feed mill and truck washes for approximately $71.1 million. Seaboard is also entering an agreement with Woodford Creek Farms to raise hogs in Iowa for Seaboard. These acquisitions by Seaboard are part of their effort to increase their hog herd in advance of the opening of the Seaboard Triumph Foods slaughter plant in Sioux City, Iowa.

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