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.

A Realistic Look at Hog Markets through Year’s End
Will hog and pork supplies be large enough this fall to push cash hogs into the mid-$70s as Lean Hogs futures suggest? Let’s look at the numbers.
Corn Report Bleak, Trim and Substitute Whatever You Can
The national corn yield estimate of 123.4 bu./acre was nearly 3 bu. lower than the average of analysts’ pre-report estimates.
Market Weights, Sow Sales are the Wild Cards in Pork Supplies
Estimated federally-inspected (FI) hog slaughter was higher than one year ago for the second straight week last week and exceeded the level predicted by the June Hogs and Pigs report.
Penny Pinching Can Help Cut Feed Bill
Sometimes, it gets worse. The showers that moved through Iowa and other Corn Belt states over the weekend missed more acres than they hit. And the “it-might-save-the-soybeans“ refrain about late-season rains is beginning to ring hollow, too.
Short Corn Yields Will Spell Red Ink for Hogs
Circle Aug. 10 on your calendar. That is the day USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). It may also be the single most important day for U.S. livestock and poultry producers any of us can remember. Dec. 23, 2003, when bovine spongiform encephalopathy (BSE) was discovered in the United States was a big one, but the impact of the next WASDE report could be even larger.
Tight Corn Supplies Could Get Even Tighter 1
USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report slashed projected national corn yields by 20 bu./acre from their June level.
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.
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