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Giving Up G-Stalls Carries Consequences 

Smithfield Foods' announcement on Thursday that it would phase out gestation stalls in its 187 company-owned farms over the next 10 years was...

Smaller Crop Fuels Higher Corn Prices 

Readers are probably tired of hearing about the impact of ethanol on the livestock industry and I'm certainly tired of writing about it. I would rather write about...

Livestock No Longer Drives Corn Price 

There continues to be widespread discussion about the impact that ethanol production will have on livestock sectors, in general, and the pork sector, in particular. It is an important debate...

Understanding "Supply"  

It certainly appears that 2007 will have some bumps for those of us in the livestock sectors. In perspective, that's nearly always true, so it's important to make sure we ...

Hogs & Pigs Report - Another "Yawner" 

Wednesday's Quarterly Hogs and Pigs report from USDA was another "yawner" in terms of surprise numbers...

New Profit Streak Set 

Year's end is always a good time to review the key happenings of the past and contemplate important things for the future. Two words come to mind when I do that regarding the U.S. pork industry - profits and costs...

Immigration Raids Send Shockwaves 

The raid by Department of Homeland Security's Immigration and Customs Enforcement (ICE) personnel on six Swift & Company plants has dominated the news this week. Four of the plants (Greeley, CO; Grand Island, NE; Cactus, TX and Hyrum, UT) are beef plants, while two (Marshalltown, IA and Worthington, MN) are pork plants. ICE did not raid ...

Definition Phase of Six Sigma 

People Drive Economics 

I was asked recently to make a presentation to an industry group on "The Economics of Today's Pork Industry," and it set me to thinking about what I normally do...

Futures Rally Offers Opportunity 

After a big rally during October and some retracement during November, Chicago Mercantile Exchange Lean Hog futures have shown some signs of life...

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Current Issue

Costs, Price Pressures Ease Just a Little

There was a lot to be positive about in the pork industry the last week of October. I realize it is difficult to be optimistic when you are still losing $25 to $30/head. I also realize that positive news at this point could be as dangerous as it is welcome. But facts are facts, and we must recognize them. ...

Current Issue

The "Good" and "Bad" Sides of a Cheaper Dollar

As I begin this week's column, I"m reminded of two different "flip side" statements that may help characterize the topic at hand. The first is the old Archie Campbell schtick - "That's good - no that’s bad," which I have used before. The second reflects President Truman's frustration with economists' incessant use of the qualifier - "on the other hand" - to introduce the contrary opinion on a given topic. President Truman once demanded in his usual colorful language: "Will someone please find me a *!&%$*?>

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