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Department of Agricultural Economics Purdue University

Meat Animal Outlook 2010/2011. Big Issues: Adjustment to Economic Shocks Exports as the Growth Market Acceptance of Animal Agriculture??? 4. What Corn price Means to Pork Industry 5. Biofuels: Food/Fuel Conflict. Department of Agricultural Economics Purdue University. Economic SHOCK.

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Department of Agricultural Economics Purdue University

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  1. Meat Animal Outlook 2010/2011 • Big Issues: • Adjustment to Economic Shocks • Exports as the Growth Market • Acceptance of Animal Agriculture??? • 4. What Corn price Means to Pork Industry • 5. Biofuels: Food/Fuel Conflict Department of Agricultural Economics Purdue University

  2. Economic SHOCK Department of Agricultural Economics Purdue University

  3. BioFuels Production Department of Agricultural Economics Purdue University

  4. The Economy Department of Agricultural Economics Purdue University

  5. Department of Agricultural Economics Purdue University

  6. Department of Agricultural Economics Purdue University

  7. Department of Agricultural Economics Purdue University

  8. Department of Agricultural Economics Purdue University

  9. Department of Agricultural Economics Purdue University

  10. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  11. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  12. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  13. BioFuels Production Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  14. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  15. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  16. How much can ethanol industry pay for 2010/11 corn? RBOB Gasoline = $2.24/gallon over the 2010/11 corn marketing year Plus $.36 per gallon blenders tax credit Equals $2.60/ gallon ethanol Breakeven corn price is about $7.25/bushel RFS Mandate says blenders must buy 12.6 billion gallons in 2011 Ethanol industry cannot produce less by law Ethanol industry cannot use less corn by law Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

  17. Department of Agricultural Economics Purdue University

  18. Department of Agricultural Economics Purdue University

  19. Bacon accounts for nearly half of all pork items on menus Distribution of menued pork items at same operators Sausage 7% Ribs 2.3% Pepperoni 8.2% Ham (Sliced, Unsliced) 19.2% Breakfast Sausage 12.9% Pork Chops, Loins, Tenders 4.1% Bacon 46.2% Department of Agricultural Economics Purdue University 19 Source: MenuMine 2005

  20. Department of Agricultural Economics Purdue University Department of Agricultural Economics Purdue University

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