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National Hog Farmer Weekly Preview
April 19, 2010
 
In this issue:
  Better-than-Ever Hog Prices
  U.S. Pork Leaders Visit No. 1 Export Market
  USDA Report Focuses on Residues in Meat
  Fall Nutrition Conference Focuses on Livestock Feeding

MARKET PREVIEW
Better-than-Ever Hog Prices
How good are hog prices? About as good as they have ever been – regardless of the yardstick you use.

Figure 1 shows the weekly Lean Hogs futures chart through last week. That final observation of $86.10 – the April contract value at last Friday’s close – is the third highest ever! Third only to the last two weeks of the August 2008 contract, which expired right in the middle of the export-induced price spike that set a record for cutout values and near-record high hog prices.

Figure 2 shows weekly national negotiated net prices for 2002 through 2010. It is easy to find the 2010 line – it is the bright red one that is higher than all of the other lines for the time period. In fact, 2010 weekly prices have been the highest on record for the past six weeks and were nearly $17/cwt. higher than those of record-setting 2008.

During 2004-2008, this price increased by roughly $12/cwt. from April 17 to the “normal” highs in May through August, among which there is no clear-cut best week. Omitting the 2008 surge would take August out of that when-is-the-maximum discussion, but there would still be no clear-cut winner from mid-May through early July. Suffice it to say that producers will probably like any of the weekly prices they see during that time span. A “normal” rally would take cash hog prices very close to $90/cwt.

FULL ARTICLE

PORK EXPORT PREVIEW
U.S. Pork Leaders Visit No. 1 Export Market
U.S. Meat Export Federation (USMEF) team members from Japan and the United States recently hosted five U.S. pork industry leaders, providing an inside look at how meat industry professionals and consumers in Japan view U.S. pork.

During the first week of April, leading Japanese importers, retailers, consumer bloggers, U.S. processors and U.S. government representatives met with National Pork Board members, including Tim Bierman, president, Conley Nelson (Iowa), Henry Moore (North Carolina), former Pork Board President and current USMEF Vice Chair Danita Rodibaugh, and National Pork Board CEO Chris Novak,.

The benefits of the visit were mutually beneficial. While the U.S. pork industry team was afforded a unique chance to see how Pork Checkoff dollars are invested in some of USMEF’s international marketing programs, our international partners value the opportunity to meet with U.S. producers and leaders – the people behind the products they buy, sell and enjoy.

FULL ARTICLE

LEGISLATIVE PREVIEW
USDA Report Focuses on Residues in Meat
USDA’s Office of the Inspector General (OIG), in an audit report, concluded that the USDA, along with the U.S. Food & Drug Administration (FDA) and the U.S. Environmental Protection Agency (EPA) “is not accomplishing its mission of monitoring the food supply for harmful residues.” A 1984 memorandum of understanding requires the three agencies to cooperate on the national residue program to keep veterinary antibiotics, pesticides, heavy metals and the like out of commerce. The report indicated, “Together, Food Safety & Inspection Service (FSIS), FDA and EPA have not established thresholds for many dangerous substances (e.g. copper, dioxin3), which has resulted in meat with these substances being distributed in commerce.” The report makes four key recommendations to the agencies and USDA is accepting and implementing the recommendations. They are: 1) expand the substances the agencies test for; 2) improve methodology for sampling hazardous residues; 3) determine more efficient ways of approving newer methods of testing for drug residues; and 4) collaborate to set tolerances for additional residues. The report focused on dairy cows and bob veal.

A Call for Permanent Estate Tax Relief — A coalition of agricultural organizations is calling on Congress for permanent and meaningful estate tax relief for farmers and ranchers. In a letter to the Senate leadership, 28 agricultural organizations state that “inaction on fixing the looming estate tax challenge would be disastrous for agriculture.” The groups noted, “We support permanently raising the exemption to no less than $5 million per person and reducing the top rate to no more than 35%. It is also imperative that the exemption be indexed to inflation, provide the spousal transfers and include the stepped-up basis.” Those signing the letter included the American Farm Bureau Federation, American Farmland Trust, American Sheep Industry Association, American Soybean Association, Farm Credit Council, National Association of Wheat Growers, National Cattlemen’s Beef Association, National Corn Growers Association, National Cotton Council, National Council of Farmer Cooperatives, National Farmers Union, National Grange, National Milk Producers Federation, National Pork Producers Council, National Turkey Federation, and U.S. Apple Association.

FULL ARTICLE

NEWS FLASH
Fall Nutrition Conference Focuses on Livestock Feeding
The 71st annual Minnesota Nutrition Conference Sept. 21-22 at the Holiday Inn in Owatonna, MN, provides feed industry professionals the opportunity to update their knowledge of beef, dairy, poultry, swine and equine nutrition.

The conference is sponsored annually by the University of Minnesota’s Department of Animal Science and University of Minnesota Extension.

Speakers from around the world will discuss the latest concepts in animal nutrition. Featured topics will include new technology and tools for nutritionists, plus updates on research at the University of Minnesota.

FULL ARTICLE

PORK INDUSTRY CALENDAR
April 28-29, 2010: Animal Agriculture Alliance 9th Annual Stakeholders Summit, Westin at the Westin Arlington Gateway Hotel
Arlington, VA;
For more information contact: www.animalagalliance.org (703) 562-5160 or summit@animalagalliance.org.

April 30-May 2, 2010: GO 'WALKING IN MEMPHIS' AT THE NJSA NATIONAL YOUTH LEADERSHIP CONFERENCE
Memphis, Tenn;
For more information contact: alan Duttlinger at (765)-463-3594 or alan@nationalswine.com.



May 16-19, 2010: Alltech's 26th International Animal Health and Nutrition Symposium,
Lexington, KY;

FULL ARTICLE

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 BLUEPRINT

As positive margins return to pork producers’ ledgers, owners and managers are recounting the hard lessons learned as they redouble efforts to improve risk management skills, measure and manage production variance with greater precision, and produce quality pork in a safe and sustainable manner. At the heart of the 50th edition in the Blueprint series, published April 15th, 2010, is a focus on new and improved pathways to profitability.

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It’s Expo time! Thousands of producers and industry professionals from all over the world will be in attendance. Don’t miss three jam-packed days of learning, networking and training plus discover the latest trends, products and innovations. And, don’t forget the fun — click here for all the details!

 MAGAZINE HIGHLIGHTS

The May 15 edition of the National Hog Farmer will feature the fifth class of the “Masters of the Pork Industry,” featuring personal and professional profiles of industry entrepreneurs destined to leave their mark on the North American pork industry. This special edition also features 21 products nominated for the National Hog Farmer’s World Pork Expo New Product tour and a full slate of WPX events and activities.

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FREE SELECTION GUIDES AND MANAGEMENT POSTERS
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FOR ROBUST RESULTS, GO TO THE SOURCE.
Our breeding technology is delivering what your operation demands, high production results across a wide range of environmental conditions. Count on the industry leader. Go to the trusted source. Click here for more information.

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