Source: Chris Hurt, WALLACES FARMER, 7/14/17

Now that we have reached the last half of 2017, it is time to look at 2018 prospects for the pork industry. On my first evaluation for next year, it looks like profit margins could narrow. That may be driven by somewhat lower hog prices and higher costs of production related to increased corn costs.First, let’s take a look at the past few years. The graph below shows my estimates of margins per head by quarter going back to 2014.

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