Market Situation and Outlook for Hogs, Poultry and Small Ruminants

Transcription

1 University of Kentucky UKnowledge Presentations Market Situation and Outlook for Hogs, Poultry and Small Ruminants A. Lee Meyer University of Kentucky, Click here to let us know how access to this document benefits you. Follow this and additional works at: Part of the Commons, and the Animal Sciences Commons Repository Citation Meyer, A. Lee, "Market Situation and Outlook for Hogs, Poultry and Small Ruminants" (2009). Presentations This Presentation is brought to you for free and open access by the at UKnowledge. It has been accepted for inclusion in Presentations by an authorized administrator of UKnowledge. For more information, please contact

2 Market Situation and Outlook for Hogs, Poultry and Small Ruminants Lee Meyer Extension Marketing Specialist Agricultural Economics

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5 Global Meat Situation Trade Exchange Rate Roller Coaster Dollar increased 25% in value against Brazil s real, hurting U.S. sales, but then dropped back Dollar vs. the Yen, dropped from 110 (Dec. 08) to 92 (Oct. 09) US products more expensive Increasing world incomes will increase demand for meat products (+5%, $900 m) Ag balance of trade continues to improve

6 Broiler Market Overview Production costs up 4% prod. drop Steady 09 prices (~$.80), mixed parts prices (wings up, weak breast meat prices) For 2010 prod up 2%, modest price improvement Trade competition from Brazil, increases may depend on the world economy

7 Mil. Pounds 780 BROILER PRODUCTION Federally Inspected, Ready-to-Cook Weight, By Month, Weekly Averages Avg JAN MAR MAY JUL SEP NOV Livestock Marketing Information Center Data Source: USDA/NASS

8 Agricultural Economics Livestock Marketing Information Center Data Source: USDA/NASS

9 Agricultural Economics Livestock Marketing Information Center Data Source: USDA/NASS

10 Prices down due to 6% increase in production Agricultural Economics Livestock Marketing Information Center Data Source: USDA/NASS

11 Prices $48/cwt. now $66/cwt. year ago Livestock Marketing Information Center Data Source: USDA/NASS

12 Livestock Marketing Information Center Data Source: USDA/NASS

13 $/Head IOWA MARKET HOG PROFIT Farrow/Finish, Monthly Monthly Livestock Marketing Information Center Data Source: Iowa State University Iowa Market Hog Profit Latest Data: August 2009 Breakeven Price low $50s/cwt. 10/15/09

14 Livestock Marketing Information Center Data Source: USDA/NASS

15 Livestock Marketing Information Center Data Source: USDA/NASS

16 Year Ky. Goats 1,000 hd. U.S. Goats 1,000 hd. Ky. Sheep 1,000 hd. U.S. Sheep 1,000 hd , , , , , , , , , ,055 3,070 5,

17 Lamb Prices * Nationally, about $.90/lb * slightly stronger in 2010 * import more than ½ the product * Ky. lamb often sold locally

18 SHEEP & LAMB NUMBERS JANUARY 1, 2009 (1000 Head) Other States U.S. Total New England States MD to 870 (10) 80 to 200 (10) 50 to 80 (8) 24 to 50 (11) 48 Livestock Marketing Information Center Data Source: USDA/NASS S-N-05 03/06/09

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20 GOAT PRICES New Holland, PA lb. Selection #2 Kids ($/head) Season Index Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec