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Inside This Issue
The issue of how to handle managing the price of corn when you both grow it and feed it to your livestock operation has become a renewed concern with prices now trading below the cost of production. While we covered this issue previously, the feature article this month takes another look at the topic to address some of these questions. Considerations that an integrated feeding operation may want to explore such as whether the price of corn is above or below the cost of production along with whether or not the feeding margin is positive or negative factor into margin management decisions. Carefully weighing out these considerations can definitely inform a more comprehensive margin management plan. As always, we also review the current forward margins for the crop, hog, dairy and beef cattle industries, and how our clients are managing these volatile markets to help secure their future profitability.
Get the February issue here.