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Best Wishes in the New Year
National Hog Farmer, our weekly contributors, and the sponsors of Weekly Preview would like to take this opportunity to wish everyone a
Happy, Healthy and Prosperous New Year
Dale Miller, Editor
National Hog Farmer
Steve R. Meyer, Ph.D.
Paragon Economics, Inc.
author of Marketing Preview
Ron Ketchem and Mark Rix
Swine Management Services, LLC
authors of Production Preview
Mark Greenwood
swine industry consultant
author of Financial Preview
P. Scott Shearer
Vice President
Bockorny Group
Washington, DC
author of Legislative Preview
Kent Schwartz, DVM
Iowa State University Veterinary Diagnostic Laboratory
author of Swine Health Preview
Jim Collins, DVM
University of Minnesota Veterinary Diagnostic Laboratory
author of Swine Health Preview
Jim Herlihy and staff
U.S. Meat Export Federation
authors of Port Export Preview
National Hog Farmer would like to thank our sponsors: Agritec Software. Boehringer Ingelheim Vetmedica Inc, Genetiporc, Lallemand, Merck Animal Health, National Pork Producers Council, Newport Laboratories, Novus, Pfizer Animal Health, PIC, Poet and USA Solutions.
Steve Meyer's analysis of the USDA's Dec. 23 Hogs & Pigs Report follows:
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Price Volatility Tempers Hogs and Pigs Projections
Steve R. Meyer, Ph.D., Paragon Economics, Inc.
USDA's December Hogs and Pigs report contained estimates that were very much in line with analysts' expectations. The report is considered neutral by most observers. We agree with that assessment through summer, but the report suggests that Q4-2012 supplies may be lower than we had previously anticipated.
The report was released while Chicago Mercantile Exchange (CME) Group Lean Hogs trading pits were still open on Friday and prices for most contracts gained 40 to 60 cents/cwt. That suggests the numbers were just a bit lower than was "in the market" on Friday. This marks the first time we can remember that a Hogs and Pigs report was released while trading pits werestill open, although the situation is not very different from the last few years when report releases came while electronic markets were still trading. The advent of electronic markets and the volume they carry may have made after-the-market releases a thing of the past.
FULL ARTICLE
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Russia's WTO Membership Advances
P. Scott Shearer, Vice President, Bockorny Group
The World Trade Organization (WTO) accepted it's Working Party's report to accept Russia as a member. U.S. Trade Representative Ron Kirk said, "Russia's accession is good for the United States, good for Russia, and good for the WTO. Russia's market access commitments and the steps that it is taking with regard to intellectual property rights, information technology, sanitary and phytosanitary transparency, and the full range of WTO rules and disciplines will create a new and stronger basis for conducting trade relations between our countries." Russia's Parliament will have to ratify its membership to the WTO. Congress will have to pass Permanent Normal Trade Relations (PNTR) status for Russia for the United States to benefit from the agreement. Russia is the world's-largest economy that is not a member of the WTO.
Growth in Agricultural Productivity & Changing Organization of U.S. Farming — U.S. agricultural productivity has increased by nearly 50% since 1982, while using less land and labor, according to the findings of USDA's Economic Research Service's (ERS) study, "The Changing Organization of U.S. Farming." Innovations in farm organization, business arrangements and production practices have allowed farmers to produce more with less, the study notes. The use of genetically engineered seeds and no-till have allowed producers to reduce the use of machinery, fuel and pesticides.
FULL ARTICLE
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Iowa Pork Congress Planned for Jan. 25-26
The Iowa Pork Producers Association (IPPA) will hold the 2012 Iowa Pork Congress Jan. 25 and 26 at the Iowa Events Center in Des Moines.
The nation’s largest winter swine trade show and conference will be held in Hy-Vee Hall at the Iowa Events Center, as well as the Polk County Convention Complex. Pork Congress hours will be 9 a.m. to 5 p.m. Jan. 25 and 9 a.m. to 4 p.m. Jan. 26. The Iowa Pork Foundation’s annual Kickoff Reception and Auction will be held at Hy-Vee Hall Jan. 24 and the IPPA Youth Swine Judging contest will be held at the county convention complex Jan. 26.
FULL ARTICLE
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January 25th - 26th, 2012:
The Iowa Pork Producers Association (IPPA) will hold the 2012 Iowa Pork Congress Jan. 25 and 26 at the Iowa Events Center in Des Moines
March 19-21, 2012: Annual meeting of the Midwestern Sections of the American Dairy Science Association and the American Society of Animal Science, Hy-Vee Hall and Veterans Memorial, Des Moines, IA. For more information contact: http://adsa.asas.org/midwest/2012.asp.
FULL ARTICLE
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