The next 60 days will be pivotal for the direction of the U.S. pork industry, says Purdue University agricultural economist Chris Hurt.
Come the end of July, corn pollination will be finished, and crop farmers will know the fate of the corn crop, and with it the chances for the industry to move forward profitably.
U.S. pork production in 2014 is forecast to increase by 2.3%, driven primarily by lower feed costs, according to the U.S. Department of Agriculture’s (USDA) Livestock, Dairy and Poultry Outlook released Thursday.
USDA projects that commercial pork production will climb to 24 billion pounds in 2014. Farrowings are expected to rise modestly (almost 1% compared to 2013), accompanied by about a 1% increase in litter rates and higher average dressed weights (about 1% higher than 2013), which altogether are expected to set another pork production record in 2014....More
USDA’s Crop Progress and Condition report for May 13 indicated that 28% of the corn had been planted, compared to 12% last week and 85% for last year, according to Illinois blogger Stu Ellis. This year’s corn planting is the slowest planting pace for this date since the flood year of 1993 when only 27% of the crop was planted. Emergence is at 5% vs. 52% last year and 28% on average.
Soybean planting is at 6% complete vs. 43% last year and 24% on average. Only 5% is emerged, compared to 52% last year and 28% for the five year average....More
The May World Agricultural Supply and Demand Estimates (WASDE) report released today by the Agriculture Department shows that a record corn crop is still reachable despite a slow start to planting season, according to American Farm Bureau Federation (AFBF) analysts.
The report forecasts a corn yield of 158 bushels per acre, implying a record crop of 14.14 billion bushels, up 3.36 billion bushels from 2012 when much of the nation was overtaken by severe drought. The current record corn crop was produced in 2009 at 13.09 billion bushels....More
This week the House Energy and Commerce Committee heard comments from livestock and poultry groups indicating that the Renewable Fuels Standard (RFS) has had a negative impact on their industries....More
Feed costs for corn and soybean meal skyrocketed following the 2012 drought. University of Illinois researchers investigated alternative sources of calcium (Ca) and phosphorus (P) to reduce those costs.
Hans Stein and his research team have developed equations for calculating the concentrations of these minerals in byproducts from the rendering industry....More
The latest estimates of U.S. beef, pork and poultry production released Thursday afternoon would have you believe that there have been notable reductions in output for all three species. But as Steve Meyer and Len Steiner point out in today’s Daily Livestock Report, the catch is that there was one less marketing day in March 2013 compared to March 2012....More
Hog producers should return to profitability this spring because of lower feed prices, although delayed planting could still change that, a Purdue Extension agricultural economist says.
Chris Hurt says the animal industries got an unexpected boost from the U.S. Department of Agriculture's grain stocks report at the end of March....More
More efficient land use, a stalled demand for corn ethanol and increased demand for meat in developing countries should help boost the livestock industry in coming years, according to a Purdue University agricultural economist.
Farzad Taheripour, a research assistant professor of agricultural economics, used Food and Agriculture Organization and U.S. Department of Agriculture data, paired with Purdue's Global Trade Analysis Project model, to guide analysis of global economic issues. ...More
USDA’s weekly crop progress and condition report was almost a re-run of the prior week, with corn planting progress increasing only from 2% last week to 4% for the latest report, according to blogger Stu Ellis at www.farmgateblog.com....More
While Corn Belt crop producers look back at USDA’s March 28 reports and wonder “what happened here,” livestock feeders are doing “high-fives” with themselves. Although the acreage projection was not unexpected, it forecast the potential for increased production and subsequently lower prices for feedgrains and soybean meal in the next marketing year, says blogger Stu Ellis at http://www.farmgateblog.com....More
Inclusion of corn germ in swine diets can reduce diet costs, depending on the local cost of corn germ and other ingredients. Recent research conducted at the University of Illinois indicates that corn germ can be included at up to 30% in diets fed to growing pigs.
“In previous research, we had seen that pigs do very well on diets containing 10% corn germ, so we wanted to investigate if higher inclusion rates can be used," says Hans Stein, professor of animal sciences at the University of Illinois....More
A crop report issued Thursday by the Agriculture Department indicates that America’s farmers are preparing to plant 97.3 million acres of corn, one of the largest crops in history, according to the American Farm Bureau Federation (AFBF). The forecast is on target with what grain industry analysts had expected....More
For the past couple of months, market analysts and a variety of commodity traders have been putting up red flags, warning that excessive volumes of soybeans are being exported, while the short crop of 2012 may have difficulty supplying domestic needs at the end of the marketing year....More
Lactose is an important ingredient of swine diets – but the source of digestible sugar has become costly in recent years.
In research at North Carolina State University presented at the Midwest Animal Science meeting this week in Des Moines, IA, J. Gou explained how chocolate candy can fill in as a source of lactose in weaned pig diets. Gou found that chocolate candy can supply up to 45% of lactose without affecting pig performance....More
Swine nutritionist Hans Stein of the University of Illinois says canola, cottonseed, and sunflower products can replace soybean meal in swine diets, but they contain less protein and energy. To determine if it makes economic sense to use them, producers need to know the concentrations and digestibility of the nutrients they contain. To help them make the decision, Stein and his team of researchers examined amino acid digestibility for these products....More
A solution to skyrocketing feed prices facing the pork industry may be found in the renewable energy sector. A team based at the University of Guelph recently tested a novel feed ingredient with the potential to reduce production costs for finishing pigs and increase market opportunities for bio-diesel producers....More
Whenever an unsaturated ingredient is added to a swine diet, the potential economic gain must be weighed against the risk of harvesting pigs that have a high iodine value (IV). Understanding how and where iodine value is measured on the carcass can have a significant impact on the IV of your market hogs....More
U.S. Senators Roger Wicker (R-MS) and David Vitter (R-LA) on Thursday, introduced legislation to block an increase in the amount of ethanol that can be blended with gasoline. The bill would overturn Environmental Protection Agency (EPA) waivers that allowed gasoline containing 15% ethanol (E15) to be used for many passenger cars and light trucks.
The higher blend of ethanol has been found to cause engine damage, reduce fuel efficiency and contribute to higher corn prices and rising food costs for American consumers....More
The Iowa Pork Producers Association, in association with Iowa State University (ISU) Extension and Outreach, are sponsoring the Iowa Pork Regional Conferences in late February.
The sessions, which all run from 1-4:30 p.m., include:...More
Total variable input costs for the 2013 corn and soybean crops are likely to stay about the same as last year, a Purdue Extension farm business management specialist says.
Variable input costs are the costs of production that vary directly with the crop grown, but don't include fixed costs, such as cash rent....More
The Congressional Budget Office (CBO) projects a few more corn acres and soybean acres in crop plantings for 2013, according to Illinois blogger Stu Ellis (formerly at the University of Illinois) at www.farmgateblog.com....More