date:Aug 05, 2014
rop sent corn futures down. The September corn futures contract closed at $3.52 per bushel today, a decline of 11 cents for the week.
Even though hog prices have backed off in recent days, declining corn prices continue to imply record or near-record profitability levels for most producers.
The preliminary July hog to corn feed price ratio was reported at 24.4, the highest level since August 2006. This not only more than doubles the 11.7 average posted from 2007-2013, it is well above the 20.9