May 2, 2013
Margins improved since the middle of April, particularly in nearby periods following a sharp rally in hogs that more than offset a similar increase in feed costs. While margins remain only slightly above average from a historical perspective, the recent strength in hog finis...
April 17, 2013
With the exception of the spot Q2 period, hog finishing margins deteriorated since the end of March as feed costs have started to stabilize following USDA’s quarterly stocks and Prospective Plantings reports while hog prices continued to erode. Following the latest quarter...
April 1, 2013
Margins improved significantly since the middle of March due mostly to a sharp drop in feed prices. USDA released their quarterly stocks and Prospective Plantings reports on Thursday, and the corn stocks figure in particular was considered quite bearish. USDA pegged March 1...
March 18, 2013
Margins deteriorated further through the first half of March, following continued weakness in hogs and strength in corn. The recent USDA WASDE report left corn ending stocks unchanged from February, although the balance sheet reflected a 100 million bushel increase in the pr...
March 1, 2013
Margins continued to erode during the second half of February, due primarily to an ongoing decline in hog prices although old-crop feed prices moved higher as well – particularly for soybean meal. Deep losses continue to be reflected in spot Q1 for anyone who is open to th...
February 19, 2013
Margins deteriorated since the end of January, as hog prices have declined more than feed costs over the past 2 weeks. The markets generally have taken on a weaker tone recently with prices in retreat. USDA’s latest February WASDE report raised ending stocks for corn and ...
Just the Highlights
Here we compile notes from the complete Margin Watch report that
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The complete report is an executive summary
of the projected forward profit margins (not markets) for the
crop, pork, dairy and beef industries that we consult.
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