Perhaps the best news you’ve had this year is the sharp drop in feed costs in recent weeks. In early July 2008, omaha corn prices were exceeding $7 per bushel; by mid July 2009, prices fell below $3 per bushel.

If corn prices remain at $3 per bushel or less, then fall’s breakeven prices for barrows and gilts should drop below $50 per hundredweight for the first time since December 2007. after being fairly stable in the first part of this decade, feed costs have started to rival hog prices as the primary source of financial risk for pork producers.