Westphalen: Weaner breakevens down $2.04

Looking at hog sales in May 2016 using May 2016 futures, the weaner breakeven was $36.89, down $2.04 for the week. Feed costs were down $0.16 per head.


Daily Livestock Report: Red ink returns for farrow-to-finish operations

The recent declines in hog prices will reverberate throughout the marketing chain, but the most noticeable near-term impact will likely be on hog producer returns. In October, compared to a year ago, hog producer returns were down as were estimated margins (price spreads) for the packers. In contrast, calculated margins at the retail level were above 2014’s.

Through the month of October, farrow-to-finish hog producers turned profits for six consecutive months in recent months as indicated by Iowa State University (ISU) estimates.


Retail diesel prices drop

Throughout the United States retail diesel prices dropped an average of four cents this week to hit $2.45. The highest drop in the country was in the Midwest region, where prices fell five cents to hit $2.44. The lowest fall was one cent in the Rocky Mountain region. The highest prices are in the West Coast region at $2.65, while the lowest are in the Midwest at $2.44.


Hog prices drop to six-year lows

Live hog prices fell below $40 per hundredweight last week. This means hog prices are at their lowest level since November of 2009 when the U.S. was just beginning to pull off the bottom of the great recession. The source of the current downturn in prices seems to have components from both supply and demand.


Westphalen: Weaner breakevens on the rise

Looking at hog sales in May 2016 using May 2016 futures, the weaner breakeven was $38.92, up $1.79 for the week. Feed costs were up $0.45 per head.


Morning Farm Report: Livestock prices mixed

Live cattle prices saw a slight dip of 20 cents on Friday to hit $129.70. The 27-day average price now rests at $135.44. Feeder cattle prices jumped from $162.45 on Thursday to $163.65 on Friday, bringing the 27-day average price to $184.22.

Lean hog prices also saw a big jump of $2.05 to hit $57.45, bringing the 27-day average price to $59.25.

Corn and wheat prices both dipped one and two cents respectively.


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