January 3, 2014
margins were flat to higher over the second half of December to finish off the year, with feed prices and hogs mixed across the various marketing periods in 2014. Overall from a bigger picture perspective, hog production margins remain extremely favorable heading into the Ne...
February 3, 2014
margins improved further through the last half of January due to continued strength in hog prices as feed costs held relatively steady over the past 2 weeks. Hog profitability remains off the charts, literally, with Q2 margins in particular posting new all-time highs for our...
January 17, 2014
margins continued to strengthen starting off the New Year, with all of 2014 now well above the 90th percentile of the past 10 years. In fact, Q2 has recently made a new 20-year high and when you look at all four quarters together as an average, the projected margin is the st...
December 16, 2013
Hog finishing margins were mixed since the end of November, weakening in nearby Q1 while holding relatively steady in both Q2 and Q3. Now that we are in the month of December, we dropped tracking the current Q4 and started monitoring the fourth quarter of 2014 which is just ...
December 2, 2013
With the exception of spot Q4 which is quickly winding down, margins improved slightly since the middle of the month, due mainly to increasing hog prices while steady to lower corn and higher soybean meal provided little benefit from feed costs. Continued concern about how t...
November 18, 2013
Margins eased since the end of October, following weakness in hog prices and some strength in soybean meal while corn was steady to lower through the first half of the month. From a historical perspective, hog finishing margins remain extraordinarily strong just shy of the 1...
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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