Corn to Hogs Worksheet - Professional Ag Marketing

Corn to Hogs Worksheet
Wednesday, January 14, 2015
All expense minus corn and meal:
Bushels of corn used per pig:
Lbs of soybean meal used per pig:
$94.00
8.0
125
Price
Todays
Price
Hogs:
Jan'15
Feb '15
Mar '15
Apr '15
May '15
June '15
July '15
Aug '15
Sept '15
Oct '15
Nov '15
Dec '15
Average
Todays
Price
Corn:
$75.63
$75.63
$77.70
$77.70
$87.90
$87.90
$86.88
$86.40
$76.60
$76.60
$72.08
$72.08
$79.42
Todays
Price
Meal:
$3.81
$3.81
$3.81
$3.89
$3.89
$3.95
$3.95
$4.01
$4.01
$4.01
$4.09
$4.09
$3.94
$328.90
$335.50
$335.50
$330.20
$330.20
$329.80
$329.80
$329.40
$328.70
$324.30
$322.30
$322.30
$328.91
Corn price with
today's hog
market
$4.21
$4.16
$4.67
$4.71
$7.21
$7.21
$6.96
$6.84
$4.45
$4.48
$3.39
$3.39
$5.14
Corn Yield:
180
$5.14
$925.02
Corn Variable Costs:
Hog Variable Costs:
Hog Variable Costs:
Fert:
$163
Isowean
$39
Isowean
$39
#REF!
Seed:
$125
Yardage
$18
Yardage
$18
#REF!
Chem:
$25
Vet
$4
Vet
$4
#REF!
$110
Trucking
$2
Trucking
$2
#REF!
Insurance:
$22
Interest
$2
Interest
$2
#REF!
Intrest
$14
Insurance
$1
Insurance
$1
#REF!
Drying :
$17
Misc
$5
Misc
$5
#REF!
Other Feed
$19
#REF!
Corn
$40
#REF!
meal
$22
#REF!
Custom Rate:
Other Feed
--------------$476
$19
--------------$90
This worksheet attempts to illustrate the value of corn being
fed to hogs given today's hog market. I am calculating the
corn value based upon deducting an average "acceptable" expense in the
hog enterprise, deducting a meal expense and applying the balance to corn.
---------------
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Net per acre
$449.02
This data is provided for information purposes only and is not intended to be used for specific trading strategies without consulting Professional
Ag Marketing Inc. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Past results
are no indication of future performance. All information is based upon data that is believed to be reliable, but its accuracy is not guaranteed.
With
$5.14 per bushel left to apply to corn from the hogs
I then calculated breakeven on corn production.
The net per acre represents what value can be placed on the land after variable expenses.
"appropriate" return on investment in both the hog and corn enterprise.

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