Poultry and livestock producers should use probabilities about grain futures to set price targets for feed ingredients this fall.
With the price of key poultry feed ingredients at levels not seen since 2010, livestock operations need to consider risk management strategies prior to the growing season. The analyst continually hears, ‘How much lower can it go?’ or ‘Why risk summer weather when prices are so low?’ The best answer to those questions comes from simply looking at historical price movements and using that information as a predictor of market potential.
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