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.

Meat and Poultry Cutbacks will Come – Eventually 5
Total meat and poultry output remains near or above year-ago levels. That statement may strike readers as odd given all of the talk about lower output due to higher costs.
Plenty of Pork for the Holidays 16
The amount of pork in freezers is beginning to be a bit concerning, especially when the fourth-highest level ever occurs on Sept. 30, just in front of what are usually the highest slaughter levels of the year.
Feed Costs Trim Cattle on Feed, Probably Sow Herds 4
Anyone who thinks higher feed costs don’t have much impact on livestock and poultry should look at Friday’s Cattle On Feed report carefully.
Even with Slippage, Pork Export Record Not Out of Sight 6
With last week’s release of August data by the Commerce Department and USDA’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS), the year-on-year declines in monthly export figures are now officially upon us.
Hog Price Rally Accompanies Normal Supply Patterns 1
Two months of disappointing hog markets have given way to a healthy rally of pork and hog prices over the past two weeks.
Pig Crop Report Verifies Cutbacks are Underway 1
USDA’s quarterly Hogs and Pigs Report released on Friday confirmed that the U.S. swine herd has likely begun to shrink, although the pace of that reduction is still in question.
Canadian Sow and Pig Counts Still Hazy 3
As can be seen from this week’s data table, information regarding imports of hogs and pigs from Canada is still not available from USDA. The website for the live animal import report says that the delay is due to technical issues and references for the weeks of Sept. 1 and Sept. 8, adding that the data back to Aug. 18 may be revised.
Where Are These Hogs Coming From? 3
The question remains: Where are these hogs coming from? Last week’s FI slaughter run of 2.428 million head was the third highest EVER. It ranks behind only the weeks of December 22, 2007 (2.477 million head) and January 12, 2008 (2.435 million head) – the two largest weeks during a surge of slaughter driven by the thousands of pigs that otherwise would have died if not for the introduction in 2007 of effective circorvirus vaccines.
Just the Facts: Ethanol Ate Our Lunch 23
I am a pretty black and white, “Just the facts, Ma’am” type of guy. Part of that is my nature and part of it is the fact that I stayed in school long enough that they gave me a fancy degree if I would just go away. That’s not completely accurate but may be closer than I want to admit.
Hog Slaughter Up, but Weights Coming Down 1
The driving force behind recent weakness in cash hog and pork markets is not hard to find – larger supplies. Federally inspected (FI) hog slaughter exceeded year-ago levels by over 6% for the third straight week.
How Have the Wheels Come Off?
After my effort last week to put fall supplies in what I still believe is a correct and lower context, federally-inspected (FI) slaughter exploded to 2.265 million head, 4.6% higher than the week before and nearly 7% larger than last year. The June Hogs and Pigs report indicated nothing like this in terms of market hog supplies. What’s more, the report had been very accurate (running only 0.8% below the June inventory numbers) from July 1 through August 8.
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.
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