U.S. hog producers should break even in 2010 as both the average price received and the total cost of production are expected be around $50 per hundredweight, according to Purdue University Extension Economist Chris Hurt. In a report, Hurt forecast first-quarter live hog prices “in the higher $40s per hundredweight” followed by “the low $50s” in the second quarter, “nearly $50” in the third quarter and “in the mid-to-higher $40s” in the fourth quarter. He put total costs of production, including feed, labor and full depreciation of buildings and equipment at $50 to $51 per hundredweight. “The bottom line is that hog producers are not expected to go backwards financially in 2010,” said Hurt.
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