Feed grain basis impact on production costs

With spot packer bids continuing to decline in the face of very large supplies, one of the few opportunities to lower the cost of production is to purchase ingredients at lower prices. Fortunately for the swine industry, the very large corn and soybean harvest in the US that is getting underway has resulted in lower prices versus last year. Many expect the price of corn and soybean meal to remain relatively low for 2-3 years pending a major weather impact on yields. Read More...