7 minute read
Industry News
from August PC 2022
Pork checkoff industry news
July 13, 2022
*From Pork Checkoff’s News
Pork Exports Remail Below Year-ago levels despite growth in in multiple markets
Data indicates that the pork export value from May 2022 was $65.27 per head slaughtered which is down 23% from July 2021.
Due to a decrease in exports to China and Hong Kong, U.S. pork exports are also still below year-ago levels. However, pork exports to Mexico in May continued to remain and exports have increased to Central America, Latin America, and the Carribean. In addition, U.S. pork exports to the Dominican Republic set a new record in April totalling 60.87 million pounds.
A webinar produced by Pork Checkoff on June 29 discussed domestic weather patterns and predictions, gobal events, livestock markets, and the USDA Q2 Hogs and Pigs report.
Major topics of this webinar included drought monitoring, global trends in crop production, market implications, and inventory of the market and breeding herds. Visit www.porkcheckoff.org/news to learn more.
USDA Q2 Hogs and pigs report
U.S Producers can respond to germany's recent ASF outbreaks
Two more cases of African swine fever (ASF) were confirmed in the eastern and western parts of Germany.
U.S. pork porducers can protect their farms and the domestic pork industry through taking precautions and recognizing the steps for onsite preparedness such as biosecurity and disposal planning. In addition, producers can create an AgView account so animal health officals can see movement records if a disease is confirmed.
hot topics in the Pork industry
During the World Pork Expo, Dr. Demont Hayes and Steve Elmore examined the economic outlook for the pork industry. They also discussed global trade, domestic demand for crops and pork, and the short-term and long-term price predictions.
Steve Elmore, Corteva’s chief economist, explained that markets are at 2013-2014 levels, vegetable oils caused the food price index to rise, the Consumer Price Index for food at home is the highest it has been in 40 years, pork increased 13.7%, and that cost of gas and diesel is making everything else expensive. He also gives insight into inflation and points out that supply issues will not be fixed for at least five years. Also, the saving rate is down 4.4% because people are not saving as much money due to higher prices. Feed prices are also another issue. Unforeseen weather conditions in South America will impact the upcoming corn planting season, affecting prices. The Russian-Ukraine War has impacted wheat, sunflower, and corn markets; furthermore, we do not know when the Ukrainian and Russian infrastructure will return online.
The economics professor at Iowa State University, Dr. Demont Hayes, explains how global events and foreign animal diseases continue to affect U.S. pork exports. According to porkcheckoff.org, “U.S. pork prices and breakeven cost are high, which is why exports are down and profitability limited. Additionally, inventory is lower, and consumption is higher this year, so there is less pork to export overall.” U.S. pork exports to China have decreased since the beginning of the pandemic. Currently, China’s swine production is the highest in the world, and if it continues to rise, there could be a chance of China leaning back on U.S. exports.
At the moment, the U.S. has lost its competitive spot in world pork markets. A limited number of hogs are coming into the U.S. market and a reduced amount of products available to export. The downfall of China’s imports has constructed a growth in European exports. During the webinar, Dr. Hayes states, “If China were to get back to production, and I think they will, and Europe continues to cut exports and production, and I do think they will–then U.S. exports will come roaring back.”
Bill Evens, National Pork Board CEO, spoke about the 2022 priorities made by the Board of Directors. The primary goals of pork checkoff include building trust and creating a positive image of U.S. pork, keeping African Swine Fever out of the U.S., making U.S. pork a global sustainability leader, engaging and supporting producers and contract growers, and growing international markets for U.S. pork. Even also stated that the National Pork Board plans on working with industry partners such as the National Pork Producers Council, U.S. Meat Export Federation, U.S. Department of Agriculture, North American Meat Institute, and the American Association of Swine Veterinarians on local, state, and federal levels.
Along with the 2022 priorities, Victor Ochoa, managing director of SwineWorks LLC, highlighted the current labor shortage we are facing. However, the pork industry can remain a competitive employer by taking care of existing staff, revamping benefits and wages, attracting younger individuals, using social media, and seeking other visa options.
Sustainability is something farmers have been trying to master for years. The United Nations describes sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” In the last several years, consumers have been interested in where their food comes from and what is in the products they purchase. As producers, we need to make it easily accessible to find this type of information and help consumers learn about the pork production process.
BENITO 806.893.4951 | MATTHEW 806.853.0226 Past Champions
2021 Res. Champ Landrace | Christmas Cash 2021 Res. Champ White OPB | Boomtown Blowout 2021 Res Champ Berk | Boomtown Blowout 2021 Res Champ Berk | Olton Livestock Show 2021 Res Champ Berkshire Gilt | Briscoe Co. 2020 Res. Champion Black OPB | Levelland 2019 Champion Black OPB | West Texas Showdown 2019 Champion Chester | Cochran Co.
farm sale on August 27th
Late June/July litters available BERKS | CHESTERS | DUROCS | POLANDS | SPOTS | CROSSES
FEY SHOW PIGS
2681 CR 420, Stockdale, TX 78160 Kenneth 830-481-3162 | Keith 830-534-3755 | Kassidy 830-237-8515 Hamp, York, Cross
Farrowing 20 litters July 1 - Sept. 5 BARNS OPEN SEPT. 3 @ 9:00 AM
Will show pigs 7 days a week. Call for appointments.
REGISTERED GILTS AVAILABLE ON HAMPS, & YORKS TEXAS BRED CERTIFICATES AVAILABLE ON ALL LITTERS
FOLLOW US ON FACEBOOK AT FEY SHOW PIGS!
On behalf of student Montanna Day and the entire Mullin FFA chapter, we would like to thank TPPA for sponsoring the Swine Production-Entrepreneurship Proficiency award with the Texas FFA!
C-4 Showpigs
2022 FARM SALE:
September 17 | Bid Board Style Viewing: 9AM Sale: Board opens at 9AM & closes at Noon
July & August Litters Regististration & CTBR papers are available for purebred sows
SIRES USED: SGI | BROCKMAN FARMS | CROSSROADS GENETICS | UNDERDOG GENETICS | PREMIUM BLEND SIRES | WEST TEXAS GENETICS | BEAMAN SHOW STOCK | WINTEX FARMS
CROSSES | DUROCS | SPOTS CHESTERS | LANDRACES POLANDS | BERKS | YORKS
Jim & Beverly Cogburn
1230 South State Highway 208 Colorado City, TX 79512 Jim:325.242.5503 Beverly:325.728.6226
Clayton Schram (979) 627-5665 Sealy, TX
We are excited about our new additions! PIGS WILL BE AVAILABLE STARTING JULY 25TH
Bred purchase from Brockman Farms Bred purchase from Brockman Farms
Bred purchase fromLackey Livestock Bred purchase fromLackey Livestock
NEVER BEFORE X DIAMOND (MOTIVATION) Due at the end of July | Bred to Higher Ground *Mother to light weight division champions in the crosses at 2022 San Antonio BUILDING SPEED X STEP ONE Farrowed May 13th | Bred to Come & See
*Two class winners in Louisville in 2021
SECRET SOCIETY X DIRTY SECRET X RED 7 Farrowed May 28th | Bred to FAF *Mother to Reserve Heavy Weight Hamp in San Antonio 2022 BEST KEPT SECRET X DIRTY PUNCHES MOM Farrowed May 21st | Bred to Lighthouse *Class winner in San Antonio 2021
