Hog Production Profitability

We have constructed an index of hog profitability which uses futures market values and adjusts for the advancement of hog production efficiency. Note that the index currently suggests hog profitability is good enough that we can expect a modest inventory expansion in 2025. We have also charted the traditional hog Read more…

Pork Cut Out Seasonal

The calculated price seasonal is a useful, although not definitive, metric for forecasting pork prices and lean hog futures spreads.The calculated seasonal pork cut out price is displayed in the accompanying chart. The cash pork cutout closed at $90.5 /Cwt. On 01/08/2025. Since the close is just above  the calculated Read more…

Corn Ethanol Situation

Corn ethanol crush margins are favorable compared to most recent years except for 2022. Corn crush levels in the first 3 months of the 2024/25 crop year were up modestly from a year ago.The $.70 cent post harvest rally probably won’t slow down  ethanol mill activity. However, a rally close Read more…