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Reflecting on the Challenges Faced in 2013
2013-12-30 19:19:00| National Hog Farmer
By Justin Roelofs, AgStar Financial Services, ACA, Mankato, MN As the end of 2013 approaches, most pork producers are glad to see a new year coming. At AgStar, we monitor a financial database which includes a large portion of AgStars portfolio with producers across the country and nearly one million sows' worth of production. The data shows that the average producer will not see much in the form of positive earnings for 2013. With the drought creating high feed prices and large positive basis on corn for much of the year, its not hard to tell why. On top of that, there were negative basis issues early in 2013 on lean hogs and weve cycled back to large historical negative basis on hogs today. read more
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Category:Agriculture and Forestry