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HISTORIC
COSTS AND BREAK-EVEN PRICES, FINISHING HOGS FROM 10 TO 255
LBS.
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| Table
11 shows calculated feed costs and break-even weaned pig prices
for 1990 through 1998. These costs and prices arecalculated
using annual hog, corn and soybean oil meal prices shown in
the first three columns of the table. |
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| Table11.
Historic Hog and Feed Prices and Budgeted Feed Costs and Break-Even
Prices, 10 to 255 lbs., 1990-1998. |
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-----------------
Prices ---------
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Feed
Costs -- Wean-to-Finish (3) |
Break-Price
Price -- 10 lb. Pig (4) |
| Year |
Fed
Hog
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Corn
(1)
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SBOM
(2)
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F.C.=
2.6
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F.C.=3.0
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F.C.=3.4
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F.C.=
2.6
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F.C.=3.0
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F.C.=3.4
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(per cwt.)
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(per bu.)
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(per ton)
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(per pig)
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(per pig)
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(per pig)
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(per pig)
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(per pig)
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(per pig)
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| 1990 |
$54.65
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$2.56
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$179
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$45
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$51
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$58
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$67
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$60
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$54
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| 1991 |
49.03
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2.52
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183
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44
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51
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57
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53
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46
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40
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| 1992 |
42.22
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2.44
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184
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44
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50
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57
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36
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30
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23
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| 1993 |
45.52
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2.35
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196
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44
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50
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56
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45
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38
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32
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| 1994 |
39.73
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2.55
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179
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44
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51
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57
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29
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23
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16
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| 1995 |
41.88
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2.71
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172
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45
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52
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59
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34
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27
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21
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| 1996 |
53.22
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3.81
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245
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59
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68
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77
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48
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39
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31
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| 1997 |
51.50
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2.80
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265
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52
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60
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67
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52
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44
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36
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| 1998 |
31.79
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2.40
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164
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42
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49
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55
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12
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5
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-1
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| 1999 |
31.00
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2.07
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151
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39
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44
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50
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13
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8
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2
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| Average |
$44.05
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$2.62
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$192
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$46
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$53
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$59
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$39
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$32
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$25
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| Minimum |
$31.00
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$2.07
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$151
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$39
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$44
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$50
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$12
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$5
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-$1
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| Maximum |
$54.65
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$3.81
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$265
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$59
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$68
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$77
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$67
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$60
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$54
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| (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 10 pound pig calculated using Table
6. FC=2.6 means that feed conversion rate equals 2.6. |
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