Swine Feeding Projections – February 26, 2018
Changes week over week:
- Open-market purchase prices were down modestly for weaned pigs (-$2.12/head) while feeder pig prices continued upward (+$1.87/head).
- Predicted lean hog values were up nicely for both July/August and June/July marketings (+$2.94 and +$3.74/cwt, respectively).
- Feed costs +$0.50-0.60 per head: corn +$0.03/bushel, SBM +$8.00/ton, DDGS +$0.75/ton, lysine -$0.09, and fat +$0.09/cwt.
- Open-market weaned and feeder pig profits improved substantially (+$8 and +$5.00-5.50/head, respectively), but remain in the red.