Steve Meyer

Paragon Economics, Inc.

Steve Meyer, president of Paragon Economics, founded in 2002 to provide expert economic analysis of agricultural markets and business decisions. He brings a wealth of experience in the livestock industry, having served as director of economics for the National Pork Producers Council (1993-2001), and held the same position for the National Pork Board from 2001 to October 2002. In that capacity, Steve provided economic counsel to producers and Pork Board staff and coordinated staff and consultants’ activities regarding meat industry production, price forecasts and the economic impact of pork production and processing. In addition, he administered NPPC programs dealing with marketing and pricing systems, structure, pork industry coordination and competitiveness. Previously, Steve served as a swine business specialist with Moorman Manufacturing Company, a sales representative with Dow Chemical and sales manager for an animal health and agricultural chemical distributor. In addition, he spent three years as an assistant professor in the agriculture economics department at the University of Missouri.

Articles by Steve Meyer
Corn Crop Jitters Complicate Market Forecasts
Summaries of analysts’ forecasts for slaughter and price based on the June Hogs and Pigs Report appear in Figures 1 and 2.
Hogs & Pigs Report Held Some Surprises
Friday’s quarterly Hogs and Pigs report from USDA contained few surprises, but may have mixed impacts.
Hog Count Falls Short, but Plenty of Pork in Cold Storage 4
For the fourth week in the last six, Federally Inspected (FI) hog slaughter was lower than the levels indicated by the USDA’s March Hogs and Pigs Report.
Corn Price, Hog Rally Gets a Second Look
I got the distinct impression at World Pork Expo that some people were thinking that “Steve Meyer has lost his mind – a big hog rally and corn at $4/bushel!”
Keeping Tabs on the Corn Crop, Sow Herd Expansion 2
Last week’s World Pork Expo in Des Moines was another rousing success. Crowds were large for both full days of the event on Wednesday and Thursday and were very good for Friday’s half-day.
Global view of pork industry
More Dependable Pricing for Pork Carcasses Needed
The deadline for comments on USDA’s proposed rule establishing the mandatory price reporting (MPR) system for wholesale pork cuts was May 22. The National Pork Producers Council, American Meat Institute and many others filed comments on the rule but none, to my knowledge, were contentious
Fewer Hogs, Lower Weights Drive Prices Higher
Last week’s combination of lower hog numbers, sharply lower hog weights and higher hog prices could mark a major turning point in the hog market, at least in the short run. And Weekly Preview readers are saying, “It’s about time!”
Hog Market Feeling Supply Pressure
There have been times this spring, especially during the lean finely textured beef/beef trimmings debacle, when pork and hog demand have seemed less than stellar. But the past few weeks’ data suggest that ample pork supplies are keeping markets under plenty of pressure.
Slaughter Projections Will Test Packer Capacities
Getting a handle on packing capacity in the fall was much easier, but remains troubling — if not for this fall, then certainly for the fall of 2013. The bottom line is this — there is no packing plant cavalry riding to the rescue if hog numbers get too large by the end of 2013. Producers need to factor that into any growth decisions they make for the next couple of years.
USDA Crop Projections Ease Feed Cost Concerns
Last week’s Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports provided some much-needed good news for livestock and poultry production costs going into the 2012-13 crop year. The WASDE contained USDA’s first official estimates of the coming crops and potential usage of those supplies.
Bravo to Domino’s for Sow Stall Stance
I don’t know about your house, but the Meyer household will be eating Domino’s pizza for the foreseeable future -- if not for the pizza (which is pretty good), then to reward the courage shown by Domino’s shareholders in rejecting a “request to study ending the use of pork from suppliers who confine pregnant pigs in crates.” The shareholders’ decision wasn’t a questionable one as 80% voted against the “request” and only 4% supported it. Sixteen percent of votes abstained. The company’s board of directors had also recommended that the request be rejected, saying that the issue should be settled between the company and producers and processors.
Is It Too Late for a Seasonal Hog Market Rally?
It is no secret that we are running out of time for a seasonal rally in cash hog and lean hogs futures prices. The price doldrums have continued long enough to steal the usual beginning of our annual summer rally. Is there enough time to even see one in 2012?
Pig Inventory Projections Still on the Mark 1
Was last week the first step in running completely out of market hogs this summer? That is a bit too much hyperbole, I know, but I always engage producers and analysts in the “PRRS-has-killed-millions-of-pigs-there-can’t-be-many-left” discussions every year. This year those discussions – and they are discussions, not arguments – have been intense at times
More Hogs Forecast through Year’s End
USDA’s March Hogs and Pigs report implies some big slaughter numbers for this fall.
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