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U.S. Is A Pork Export Powerhouse

Recent disruptions to economic activity around the world as a result of the Corona virus have served to reemphasize the importance of trade to the U.S. pork industry. Trade in pork products has grown as the U.S. has turned into a pork export powerhouse.

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Prospects for Swine Feed Costs in 2020

Figure 4. Annual Farrow-to-Finish Feed Cost Indices, 2000 to 2019

Recent trends in feed costs for farrow-to-finish and swine finishing enterprises, and projections for 2020.  Feed costs are expected to be similar to that experienced in 2019.  However, current projections have a wide band around them.

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Cattle Finishing Net Return Prospects for 2020

At the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices had a large impact on cattle finishing profitability in the fourth quarter of 2019. Moreover, fed cattle prices are predicted to remain strong through at least the second quarter of 2020.

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Swine Finishing Feed Cost Prospects

Corn prices have been quite volatile in 2019. Corn prices in Indiana were approximately $3.70 per bushel in April, $4.55 in July, and $3.90 in December. Given the uncertainty regarding what gets planted to large amount of acres that were not planted in 2019 (i.e., prevent plant acres), corn prices are likely to also be volatile in 2020.

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Ag Outlook: Looking Beyond the 2020 Crop Year

Ag Outlook, Top Farmer 2020 slidedeck presentation by Chad Hart, Associate Professor of Economics, Iowa State University.

Top Farmer 2020 slidedeck presentation by Chad Hart, Associate Professor of Economics, Iowa State University. Examine the current outlook for corn and soybeans, but also take a longer view of what’s ahead for the U.S. ag economy and the management implications for the next several years.

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2019-12 PAER: 2020 Agricultural Outlook Issue

Purdue Agricultural Economics Report (PAER): 2020 Agricultural Outlook Issue, December 2019

Welcome to our annual outlook issue of the Purdue Ag Econ Report (PAER), where we look back at last year and ahead at economic conditions for agriculture in 2020. This year we are diving into the following topics: the U.S. economy, trade conflict impacts, food prices, animal industries, corn & soybeans, and cash rents and land values.

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U.S. Cattle & Hog Sectors

Chicago Federal Reserve 2019 presentation by James Mintert.

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Long-Term Trends in Pigs per Litter

A simple linear trend was used to predict pigs per litter for each year.  The annual growth rate in pigs per litter was 0.10 pigs per year or 1.07 percent.  This may seem small, however, over the 26-year period, this equates to 2.57 pigs or an increase of approximately 32 percent.

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Cattle Feeders Place More Heifers on Feed

USDA’s October Cattle on Feed report, released on Friday, October 25th, indicated that the nation’s on feed inventory of 11.3 million head was about 1% smaller than a year ago, but still more than 4% larger than two years ago.

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Impact of Recent Changes in Corn and Fed Cattle Prices on Cattle Finishing Net Returns

This article discussed recent trends in feeding cost of gain, the feeder to fed price ratio, and cattle finishing net returns. Average cattle finishing losses in the first six months of 2019 were $52 per head.

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