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| Good morning - we contract grow pigs so don't actually own them, but I track hog margins just because I enjoy numbers. I use a company
that compares lean hog futures, bean meal price, corn meal, yardage, trucking, etc...to finalize a final per pig margin. The numbers in the last
2 months seem to have really increased for pig profitable, however, it seems everything I hear in the industry is how poor pig margins are right
now. I'm trying to figure out what I'm missing. Is basis at the packing plants really poor right now or is there something else going on that I'm
not aware. I also just read this morning that Tyson Foods is closing permanently their Perry Iowa packing facility. Curious for some additional insight. TIA | |
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Pig margins
