Today's word: CORN RATIO
Theme for this fortnight: FUTURES
Theme for this fortnight: FUTURES
A longstanding and
reliable indicator of future pork prices and production changes based on the
relationship between the price of hogs and the price of corn. The ratio is
determined by dividing the current price of live hogs per 100 pounds by the
price of a bushel of corn. A high ratio, above 20, is an indication that hog
production will increase in the future with a corresponding drop in prices.
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