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Pork, Forages and Feedstuffs Outlook

Pork, Forages and Feedstuffs Outlook. Curt Lacy Extension Economist-Livestock. Livestock Marketing Information Center Data Source: USDA-AMS, Compiled & Analysis by LMIC. Livestock Marketing Information Center Data Source: USDA-AMS, Compiled & Analysis by LMIC.

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Pork, Forages and Feedstuffs Outlook

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  1. Pork, Forages and Feedstuffs Outlook Curt Lacy Extension Economist-Livestock

  2. Livestock Marketing Information Center Data Source: USDA-AMS, Compiled & Analysis by LMIC

  3. Livestock Marketing Information Center Data Source: USDA-AMS, Compiled & Analysis by LMIC

  4. No major reductions expected in pork production expected

  5. Livestock Marketing Information Center Data Source: USDA-ERS & USDA-FAS, Compiled & Analysis by LMIC

  6. Outlook for 2012 • Continued price strength • Larger supplies • EVEN larger exports • Expect prices and profits to be very similar to 2011

  7. Forages

  8. Fertilizer Prices 1997-2011

  9. Other Forage Notes • Look for another dry winter. • Tight hay supplies will get tighter. • Costs of silage and other forages will be higher this winter. • Dry year last year in major seed production regions decreased supplies of some annual seeds.

  10. Feedstuffs

  11. No Good News Here!

  12. Tight Stocks Since 1995 in Feed Crops Despite Large Crops US Corn Supply and Demand

  13. Source: Daily Livestock Report

  14. Other Feedstuffs • Less cottonseed and cottonseed meal = higher prices. • Higher soybean meal prices. • Most feed ingredients will be higher in 2011.

  15. Summary • Feed and fertilizer prices will be up. • Forage costs will be higher. • Pig prices and profits will be lower. • Next few years will continue to be difficult for most livestock producers.

  16. Pork, Forages and Feedstuffs Outlook Curt Lacy Extension Economist-Livestock www.secattleadvisor.com

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