What is the expected gross margin per swine?
The expected gross margin per swine in a month for a particular state for a farrow-to-finish operation is the Expected Swine Price for the state and for the month the swine are marketed times the assumed weight of the swine at marketing (2.5 cwt.) times the yield factor (0.74) to convert the price to a live weight basis, minus the Expected Cost of Feed for the state and the month three months prior to the month the swine are marketed.