The "why" behind the "what" has more to do with investor mentality as it relates to inflation rather than a direct result of the Ukrainian invasion. 

As wild as wheat has traded, other commodities, specifically, nickel have moved with so much volatility that trade was suspended on the LME.

Have you adjusted for increased input costs (feed, utilities, labor, fixed costs) when projecting what your cost of production may look like?

Processors must have an eye to the future. What might higher gasoline prices mean for bacon purchases? How about hog supplies this summer and finding labor? 

High feed costs pushing up the cost of hog production; Omaha corn prices in mid-February were $6.42 per bushel, highest since last June. 

It may look less appealing to build a new wean-to-finish barn, but there are still some positives to note.

All eyes on Ukrainian border troop buildup; price of hogs in China continues to spiral downward; Brazil, Argentina not selling beans.