USDA: pig prices up 14%
Livestock producers paid 21% more to feed their animals in November than they did a year ago, USDA said in its November Agricultural prices report.
Higher prices for complete feeds, feed supplements, feedgrains and concentrates more than offset lower prices for hay and forages. Prices were up 4% from October. Soybean prices averaged $9.48 per bushel in November, up 55% from a year ago while corn prices averaged $3.49 per bushel, up 21% from last year.
Pig prices, averaging $38.50 per hundredweight, were 14% below a year ago.
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