date:May 23, 2012
prices. This would leave losses of about $5/head, he says. Of course there remains potential for wide fluctuations in both old crop and new crop feed prices.
In recent months, there's been a lot of talk about hog herd expansion. But, Hurt has been on the side of caution in this argument. Now that the profit outlook's chilled a bit, it's more important than ever to reconsider expansion plans, at least through this fall.
Even with a return to normal yields in the U.S. this summer, much lower