Feed costs eating into pork producer profits
April 15, 2021 By Mark Dorenkamp Filed Under: Livestock, Minnesota, News
The director of swine lending for Compeer Financial says feed costs are eating into pork profits.
Kent Bang tells Brownfield western Corn Belt negotiated hog prices are currently in the $100 to $105 dollar range.
“Very strong from a historical standpoint in terms of revenue per-head, it’s been very good. But as everyone is aware, corn hit a new high recently.”
He says that makes it challenging to maintain good margins.
“So far the pig price has moved faster than corn prices have in terms of revenue versus cost. But it has eaten a lot of that margin that one would expect.”
Bang encourages pork producers to evaluate their whole feeding program to see if they can reduce costs while ensuring a quality product.
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