Economics

SwineCast 0331 for August 19 2008

SwineCast 0331 Show Notes:

  • Sweet potatos more attuned to ethanol production that corn! (Where do they trade sweet potato futures?)
  • Biosystems engineer Jay Harmon discusses ventilation technology
  • BI's John Kolb updates on CircoFLEX effectiveness and the newly cleared ComboFLEX package
  • Omega 3 Fatty Acid research from PhD candidate at the University of GA, Suzanne Meers

SwineCast 0330 for August 15 2008

SwineCast 0330 Show Notes:

  • Impact of higher meat prices yet to show in Consumer Price Index
  • Immunology with Purdue's Paul Ebner. Better results seen with some vaccines when applied with appropriate technology
  • Carolina Swine Health Conference... hooking up with BI's Executive Director of Biologic Research... What's Next In PRRS?

SwineCast 0319a, reviewing impacts on efficiency at the farm level

SwineCast 0319a Show Notes:

  • Special presentation of Dr. Bob Morrison's "At The Meeting" group reviewing impacts on efficiency at the farm level

SwineCast 0314 for June 20 2008

SwineCast 0314 Show Notes:

  • Special report from World Pork Expo... the Environmental Managers Survey Executive Summary with NPPC's Environmental Policy Counsel Michael Formica. You're sitting in on the press conference

Losses Continue

Mark Greenwood
April 2008

Losses Continue
The swine industry is going through a very painful period. To put it in perspective, let’s suppose the average producer is losing $30 a head every day. Let’s also assume an average slaughter of 425,000 head per day, the industry is now losing $12.75 million each day. With at least 22 days of slaughter each month, the industry is losing $280.5 million a month. This has been occurring for at least 3 months and---probably closer to 4 ½ months---resulting in a lost of $841 million for the first 3 months of this year. Some producers have some margin protection, but the point that I am making is that equity is eroding very quickly in the industry.

Swine Industry Economics Report

Mark Greenwood
April 2008 

Background
This report outlines the economic situation the U.S. swine industry is currently facing. It is important to note that a large-scale liquidation of swine producers large and small will not only dramatically impact family farms, but will have a ripple effect on businesses relying on the swine industry. This in turn will cause a loss of jobs in rural America and will affect entire communities.

At the outset, it is vital to understand the current situation has no resemblance to the short-term hog market crisis of 1998-1999. This earlier crisis was caused primarily by hog overproduction and a lack of sufficient slaughtering capacity. In contrast, the current situation has more to do with dramatically higher feed prices than the oversupply of hogs. While the U.S. swine industry is producing and slaughtering a record number of hogs, it is also exporting a record amount of pork. Demand for US Pork has increased in the US and worldwide. In February of 2008, the U.S. Pork industry exported 20% of its supply which helped bolster prices. Current hog prices would be at breakeven which historically occurs during this time of year for many producers if their input costs were near what they were a year ago. The issues hog producers are facing today was not of their own making. This ‘perfect storm’ has been caused by dramatically escalating feed prices encountering stagnant pricing during a time of unexpected increases in productivity.

SwineCast 0311b for June 11 2008

SwineCast 0311b Show Notes:

  • Special World Pork Expo Coverage
    • News Conference from WPX with NPPC President Bryan Black and International Trade Counsel Nick Giordano featuring a trade update

SwineCast 0311a for June 11 2008

SwineCast 0311a Show Notes:

  • Special World Pork Expo Coverage
    • News Conference from WPX with NPPC President Bryan Black, CEO Niel Dierks and NPPC Farm Bill Policy Task Force Co-Chair Joy Philippi looking at Industry Economics and Farm Bill

2008 World Pork Expo: Increase profits in 2008: Stuff that is not on the typical lists.

Economist Dr. Dennis DiPietre talks about Increase profits in 2008: Stuff that is not on the typical lists.. Educational seminar sponsored by Boehringer Ingelheim, at the 2008 World Pork Expo, June 5 to 7, Des Moines, Iowa, USA.

SwineCast 0310 for June 9 2008

SwineCast 0310 Show Notes:

  • Conversing with Glenn Grimes at World Pork Expo on markets and ratios
  • Tradeshow talk about BASF's Nutridense corn system
  • Iowa State's Suzanne Millman joins us for a followup discussion about her animal welfare presentation at National Institute for Animal Agriculture
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