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Refer to the follownig information to answer questions 22-23 Hog Prices averaged 60/cwt in 2012 Hog supply is projected to drop 4% next year The

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Refer to the follownig information to answer questions 22-23 Hog Prices averaged 60/cwt in 2012 Hog supply is projected to drop 4% next year The implied Hog Price Flexibility is -2.5 Calculate the projected % change in Live Hog Prices for next year -- SHOW CALCULATIONS 22 - 2.5 = YAQ8.04 . DQ = - 2. 5 x. 04 = 10%. Calculate the projected Live Hog Price for next year -- SHOW CALCULATIONS 23

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