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Marketing

Pork Industry Looking for a Better 2019

The year of 2018 did not turn out so well for pork producers as estimated losses were about $12 per head for farrow-to-finish operations. These were the largest losses since 2012 when high feed prices prevented positive returns. Pork production was up 3% in 2018. That was record high production as the industry has been in expansion since 2014.

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It’s All Lower: Cow numbers, Total Milk Production, Forecasted Domestic Use and Milk Prices Too

Milk price trends make reaching break-even look bleak for many farms. Recent news media related to dairy farming in the U.S. has been difficult to even see or hear, let alone to actually live though on the farm. Untimely and delayed harvests in many parts of the U.S. make predicting feed costs difficult, in addition to the lingering questions about quality.

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Retail Food Prices

During 2018, changes in the retail price of food at home have remained low, averaging just 0.5% year- over-year growth over the past five years and 0.4% year-over-year growth thus far through 2018 according to data from the Bureau of Labor Statistics.

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The Administrations’ Trade Policy: What It May Mean for the Future!

USDA is projecting agricultural exports of $141.5 billion in fiscal year 2019, down from $143.4 billion in 2018. (Cooke and Jiang, 2018) Much of the expected decline in total exports is attributable to soybeans and cotton. Declining sales to China are expected to affect soybeans, while the lower forecast for cotton exports is linked to slowing growth in global demand.

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Fall 2018 Crop Outlook

Recorded September 13, 2018 | Updated corn and soybean outlook following the release of USDA’s Crop Production and WASDE reports.

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Cattle Inventory Increases; Impact of Tariffs Hangs Over Markets

USDA estimated that the July 1 all cattle and calves inventory was 103.2 million head, 1% larger than a year earlier.

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2018 Crop Outlook

Recorded July 3, 2018 | Corn & soybean outlook focused on updated trade tariff information, along with information from USDA’s June 30th Acreage & Grain Stocks reports.

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Chinese Tariffs on Soybeans and Pork: U.S. and Indiana Impacts

The prospect of a trade war has been prominent in the news this year. The 2018 threats began with the U.S. putting tariffs on solar panels and washing machines and soon moved to steel and aluminum.

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Spring 2018 Crop Outlook

Recorded March 30, 2018 | Purdue ag. economists Chris Hurt, Michael Langemeier and Jim Mintert review the crop outlook following the March 30th release of USDA’s Planting Intentions & Grain Stocks reports.

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Making Your 2018 Crop Insurance Decisions

Recorded March 1, 2018 | Purdue ag economists Michael Langemeier & Jim Mintert discuss 2018 corn and soybean crop insurance choices and provide insight into decision making for corn and soybean farmers.

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