date:Apr 16, 2014
cent less. Less beef is supporting the high lean hog price.
US Chicken production has not increased despite high beef and pork prices. Chick placement lower last week compared to the same week a year ago. No more chicken supports the lean hog price. Bottom line less beef, less pork and no more chicken. Its obvious all meats benefiting pricewise from lower supply.
Corn prices have appreciated to about $5/bushel and soybean to over $14.50 a bushel. There is profit potential for both crop