|
HISTORIC
COSTS AND BREAK-EVEN PRICES, FINISHING HOGS FROM 45 TO 255
LBS.
|
Table
10 shows calculated feed costs and break-even feeder pig prices
for years between 1990 and 1998. These costs andprices
are based on average fed hog, corn and soybean oil meal prices
shown in the first three columns of the table.
|
|
Table 10.
Historic Hog and Feed Prices and Budgeted Feed Costs and
Break-Even Prices, 45 to 255 lbs., 1990-1998.
|
|
--------------
Prices ----------- |
Feed
Costs
45 to 255 lbs. (3)
|
Break-Even
Price
55 lb. Pig (4) |
| Year |
Fed
Hog |
Corn(1)
|
SBOM
(2) |
F.C.=
2.6
|
F.C.=3.0
|
F.C.=3.4
|
F.C.=
2.6
|
F.C.=3.0
|
F.C.=3.4
|
|
.
|
(per cwt.)
|
(per bu.)
|
(per ton)
|
(per pig)
|
(per pig)
|
(per pig)
|
(per pig)
|
(per pig)
|
(per pig)
|
| 1990 |
$54.65
|
$2.56
|
$179
|
$34
|
$39
|
$44
|
$86
|
$81
|
$76
|
| 1991 |
49.03
|
2.52
|
183
|
$33
|
$38
|
$44
|
$72
|
$67
|
$62
|
| 1992 |
42.22
|
2.44
|
184
|
$33
|
$38
|
$43
|
$56
|
$51
|
$46
|
| 1993 |
45.52
|
2.35
|
196
|
$32
|
$37
|
$42
|
$65
|
$60
|
$55
|
| 1994 |
39.73
|
2.55
|
179
|
$34
|
$39
|
$44
|
$49
|
$44
|
$38
|
| 1995 |
41.88
|
2.71
|
172
|
$35
|
$40
|
$45
|
$53
|
$48
|
$42
|
| 1996 |
53.22
|
3.81
|
245
|
$43
|
$49
|
$56
|
$73
|
$67
|
$60
|
| 1997 |
51.50
|
2.80
|
265
|
$35
|
$41
|
$46
|
$76
|
$71
|
$65
|
| 1998 |
31.79
|
2.40
|
164
|
$33
|
$38
|
$43
|
$30
|
$25
|
$20
|
| 1999 |
31.00
|
2.07
|
151
|
$30
|
$35
|
$39
|
$30
|
$26
|
$21
|
|
|
|
|
|
|
|
|
|
|
| Average |
$44.05
|
$2.62
|
$192
|
$34
|
$39
|
$45
|
$59
|
$54
|
$48
|
| Minimum |
$31.00
|
$2.07
|
$151
|
$30
|
$35
|
$39
|
$30
|
$25
|
$20
|
| Maximum |
$54.65
|
$3.81
|
$265
|
$43
|
$49
|
$56
|
$86
|
$81
|
$76
|
|
| (1)
Corn prices reflect average Illinois price plus $.10 per bushel. |
| (2)
Soybean oil meal price (44%) from Decatur plus $10 transportation
charge. |
| (3)
Feed costs per cwt. of pork sold. FC=2.6 means
feed conversion rate equals 2.6. |
| (4)
Break-even prices for 45 pound pig calculated using Table
6. FC=2.6 means that feed conversion rate equals 2.6. |
