date:May 23, 2012
feed prices starting this fall would only provide pork producers with a breakeven outlook extending throughout 2013. Breakeven does not sound encouraging, but that covers all production costs including feed, a full labor return and full depreciation recovery on buildings and equipment, he says. Last fall and winter the hog outlook was more positive and may have caused some to be interested in expansion. I have consistently warned that producers should wait on expansion until the 2012 U.S. corn a