OMAHA (DTN) -- Recent hot and dry weather threatens to cut the corn crop short, but it also threatens pork's profit potential.
Several months of lower corn prices helped hog producers get back in the black, DTN Livestock Analyst John Harrington said. The possibility of reduced yields and the coinciding rise in commodity prices could mean producer profitability is waning.
December corn futures rose to $5 per bushel on Monday, a 50-cent increase from August lows, while soybean meal prices increased $90 per ton.
"I think some dreamers thought maybe commodity prices were going to stay lower for some time, ...