WPX outlook: Drought, feed prices create uncertainty

On the eve of the 2013 World Pork Expo, to be held 5-7 June in Des Moines, tight corn and soybean stocks for the United States are creating uncertainty in the US pig market. The US hopes for better pig and lower feed prices. The aftermath of the 2012 drought, combined with the potential for delayed planting in many parts of the Corn Belt, have US pork producers unsure about the potential for profitability in the months ahead. “The biggest worry is over feed costs,” said Chris Hurt, a Purd