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Brazilian pork producers hit by spike in corn prices

The high cost of corn is impacting Brazilian pig and poultry production as the primary feed ingredient sees a market spike.

Weather takes toll on production

US grain futures prices were mixed to weaker overnight, with corn down 1 to 2 cents, soybeans off around 3 cents and wheat fractionally higher.

Corn and soybean planting place continues to come in far below average.

Late-May USDA report on corn planting progress pulled down feeder cattle prices.

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