Markets

Markets

Westphalen: Weaner breakevens still climbing

Looking at hog sales in August 2016 using August 2016, futures the weaner breakeven was $64.63, up $3.30 for the week. Feed costs were down $0.98 per head.

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.

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