Feed costs for swine producers are expected to continue falling in the second half of this year, according to a recent study from Purdue University’s Center for Commercial Agriculture.
Declining feed costs for farrow-to-finish and swine finishing operations are influenced by corn and soybean meal prices, and the study reports that prices for both commodities are below their long-run averages ($4.72 per bushel for corn and $362 per ton for soybean meal). Futures prices indicate these below-average prices are likely to persist well into next year.
It’s easy to be “in the know” about what’s happening in Washington, D.C. Sign up for a FREE month of Agri-Pulse news! Simply click here
Because input prices heavily impact feed prices, the study also analyzed how changes in corn and soybean meal prices could affect swine finishing feed costs. The study found that for each $0.10 per bushel change in corn price, the cost of feed goes up or down by $0.43 per cwt. Likewise, for each $10 per ton change in soybean meal price, feed costs are expected to change by $0.38 per cwt.
For more news, go to Agri-Pulse.com.
