Fair value is at least $5 given current hog prices. Not sure what parameters you are applying, but if you look at a simple net asset value using current market prices, OINK is worth in excess of $5 per share. Would be worth a heck of lot more if located elsewhere. Apply cash flow or other analysis and you will get over $5 as well. Assuming the feed plant generates positive cash flow, that would only add to the asset value.
Fair value is at least $5 at current hog prices. Not sure what parameters you are looking at, but you can use asset value analysis, cash flow, et al. This feed program, if it offers any positive cash flow potential, which I assume it does, is only additive to the $5.