At March 1, by our calculations, the average producer was losing about $30 per head. As of last week, that same producer was making $28 per head.
Previously the policy was called the business disruption or market value policy and would indemnify based on the value per hundredweight.
In-process yardage costs are some of the most challenging to monitor, thus easy to ignore. However, they account for approximately 25% of COP and warrant the time spent monitoring.
Think about revisiting this year’s risk management plan and take advantage of the recent news about China.
Having more than one pricing mechanism to sell your hogs will take the risk out of having the wrong contract.
While hog producers continue to bleed red ink as December closes out, the market projects positive margins heading into both...
Important parts of developing a strategic plan are establishing attainable goals and getting input from the entire team.
If ASF does get into the United States, we could only hope for $51 lean hogs again. Only time will tell what the right strategy is, but you should at least have one!
One of the positive aspects of the current market environment (for now) is the fact that feed costs are under control with large harvests of corn and soybeans.
The ASF policy as well as a new foot and mouth disease policy are available as a package or exclusively.