Source: Rita Jane Gabbett, MEATINGPLACE, 12/5/11

A recent decline in corn prices could be just what eager hog producers are waiting for to start ramping up production, according to livestock analysts Steve Meyer and Len Steiner.

"Some producers have been chomping at the bit to expand and this pullback may provide the opportunity to do so,” the analysts wrote in the CME Group’s Daily Livestock Report, noting that even before the recent pullbacks hog producers were looking as modest profits for 2012.

Since the end of August, December corn futures have declined $1.80 per bushel or 23 percent with March and May corn futures also down by a similar amount.

To read the full report, click here. 

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