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Livestock

Exports More Important to Pork than Beef or Chicken

It’s no surprise that exports are an important market outlet for U.S. pork production. But did you know that exports are even more important to the pork industry than they are to either the beef or poultry industries?

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Carbon Markets for U.S. Row Crop Producers: Opportunities and Challenges

Carbon Markets For U.S. Row Crop Producers: Opportunities And Challenges webinar, recorded June 24, 2021

Recorded June 24 | Purdue ag economists Carson Reeling, Nathanael Thompson and James Mintert discussed the opportunities and challenges of the carbon markets for row crop producers.

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Pork Cutout Futures Provide New Risk Management Tool

Although lean hog futures prices and pork cutout values are correlated, they can diverge significantly at times leading to interest in developing a risk management tool that more closely matches the price series used in many cash contracts. Recently CME Group launched pork cutout futures and options in an attempt to address this challenge.

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Impact of Higher Corn Prices on Cattle Finishing Net Returns

Each $0.10 increase in corn price results in an increase in feeding cost of gain of approximately $0.88.  In turn, each $1 increase in feeding cost of gain results in a $5.56 per head decrease in cattle finishing net returns. 

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Impact of Higher Corn Prices On Feeding Cost of Gain for Cattle Finishing

Given that the U.S. stocks to use ratio is currently only 9.2 percent and continued questions related to U.S. corn acreage in 2021, there is tremendous uncertainty regarding corn prices for the rest of this year.  To address this uncertainty, this article examines the impact of relatively high corn prices on feeding cost of gain for cattle finishing.

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The Importance of Managing Hog Operation Feed Costs

It comes as no surprise that feed costs on hog operations have risen sharply since last summer. May 2021 Chicago Board of Trade corn futures prices hit their summer low settlement price last August at $3.46. In early March, May…

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Long-Term Trends in Pigs per Litter

Improvements in production performance are critical to controlling production costs and for the industry to remain competitive in comparison to swine producers in other countries and competing meats.  This article examines long-term trends in pigs per litter.

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China’s Pork Sector Continues to Impact U.S.

The biggest year-over-year increase in pork shipments was to mainland China, which more than doubled in 2020. Pork exports to China during 2020 accounted for nearly 30 percent of all U.S. pork exports, up from a market share of just 14 percent in 2019.

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Cattle Finishing Net Returns Prospects for 2021

COVID-19 and fluctuating fed cattle and feed prices resulted in another challenging year for cattle finishers. This article updates feeding cost of gain, breakeven prices, and net return estimates for 2020 and provides projections for the first half of 2021.

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Cattle Finishing Net Returns in 2020

This article discussed recent trends in feeding cost of gain, the feeder to fed price ratio, breakeven prices, and cattle finishing net returns. Average cattle finishing losses in 2019 were estimated to be approximately $80 per head. Average losses for 2020 are projected to be approximately $85 per head.

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