AgDay Daily Recap - June 17, 2011

June 17, 2011 10:20 AM
 

TODAY ON AGDAY:
WORLD PORK EXPO SPECIAL
JUNE 17, 2011

CLINTON’S HELLO:
GOOD MORNING, ACCORDING TO THE USDA THERE ARE NEARLY 64 MILLION HEAD OF HOGS IN THIS COUNTRY BRINGING IN ALMOST 18 BILLION DOLLARS A YEAR. WITH THAT KIND OF ECONOMIC IMPACT PORK PRODUCTION IS SERIOUS BUSINESS. AND YOU WON'T FIND PEOPLE MORE SERIOUS ABOUT THAT BUSINESS THAN THE ATTENDEES AT THE WORLD PORK EXPO HERE IN DES MOINES.

WORLD PORK EXPO OVERVIEW:
IT'S A FULL HOUSE HERE AT THE IOWA STATE FAIRGROUNDS, WHERE SOME 20-THOUSAND PEOPLE ARE ON HAND FOR THE NATION'S BIGGEST EXPOSITION IN PORK. IN ITS 23RD YEAR, THE EVENT INCLUDES EVERYTHING FROM LEARNING SEMINARS, INNOVATIONS FOR KITCHEN AND GRILL, NEW MACHINERY AND A TRADESHOW FULL OF NEW PRODUCTION PRODUCTS. A WORLD EVENT FOR SURE. PEOPLE FROM MORE THAN 30 COUNTRIES TRAVEL TO THE SHOW FOR LOOK AT WHAT AMERICAN SWINE PRODUCTION IS DOING. IT'S ALSO HOME TO THE JUNIOR NATIONAL SHOW. 1,800 PIGS FROM 25 STATES, COMPETING FOR TOP HONORS AND WORKING TOWARD A FUTURE IN THE BUSINESS. ALL PART OF A STRATEGY TO KEEP AMERICAN SWINE PRODUCTION GROWING AND INNOVATING INTO THE FUTURE

PORK INDUSTRY ISSUES ROOK:
FOR THOSE IN ATTENDANCE THERE'S NO SHORTAGE OF ISSUES TO DISCUSS. HERE WITH MORE ON THE CHALLENGES AND OPPORTUNITIES FACING U.S. SWINE PRODUCERS IS AGDAY REPORTER MICHELLE ROOK.  THANKS CLINTON. WHILE HOG PRICES AND THE OVERALL HEALTH OF THE PORK INDUSTRY ARE MUCH IMPROVED FROM JUST A YEAR OR SO, PORK PRODUCERS STILL HAVE SEVERAL MAJOR CHALLENGES OR ISSUES THEY'RE FACING SUCH AS TRADE AND MARKET COMPETITION ISSUES INCLUDING THE GIPSA RULE. HOWEVER TOPPING THE LIST IS FEED AVAILABILITY. THIS WAS A CONCERN IN 2008 AND IT'S RESURFACING AGAIN with THIS YEAR'S FLOODING AND PLANTING DELAYS. FROM AN ECONOMIC STANDPOINT LEAN HOG FUTURES HAVE HAD A HUGE PULLBACK AT THE SAME TIME C ORN PRICES ARE HITTING REOCRD HIGHS AND THAT'S SQUEEZING PROFIT MARGINS FOR PORK PRODUCERS. WE'LL TALK MORE ABOUT THAT DURING OUR MARKET ANALYSIS LATER IN THE SHOW. ALRIGHT THANKS MICHELLE. AND THOSE AREN'T THE ONLY ISSUES FACING U.S. SWINE PRODUCERS.

SALMONELLA ISSUE:
ANIMAL HEALTH CONTINUES TO BE A BIG CONCERN BOTH IN THE PEN AND ON THE RAIL. AT THE EXPO, COMPANIES ARE STUDYING WAYS TO ELIMINATE SALMONELLA BACTERIA IN SWINE ALL TOGETHER. ONE APPROACH WAS VACCINATING LIVE PIGS TO PREVENT SALMONELLA ON THE CARCAS AT HARVEST.

ANTIBIOTICS:
THE USE OF ANTIBIOTICS ALSO CONTINUES TO BE UNDER THE LEGISLATIVE MICROSCOPE.

ANALYSIS:
IN AGRIBUSINESS THIS MORNING, THE FUTURES MARKET FOR LEAN HOGS HAS DROPPED OFF ITS APRIL HIGHS WHEN PRICES WERE OVER A DOLLAR A POUND. TODAY THEY'RE CLOSER TO 90. IN ANALYSIS THIS MORNING, MICHELLE ROOK CAUGHT UP WITH A MARKET EXPERT FOR A LOOK AT THE FUTURE OF PORK FUTURES.

IN THE COUNTY; PORK FEATURE:
PART OF THE PURPOSE OF WORLD PORK EXPO IS TO BUILD INTEREST IN THE BUSINESS. AND HERE THEY'RE STARTING PRETTY YOUNG. AS I MENTIONED EARLIER-THE JUNIOR NATIONAL SHOW IS TAKING PLACE HERE. FOR THE FAMILIES INVOLVED JUST GETTING A CHANCE TO COMPETE IN THIS RING IS A MAJOR ACCOMPLISHMENT. UP NEXT WE'RE GOING TO THE GRILL FOR SOME TIPS ON COOKING PORK-AND THERE'S SOME NEW GUIDELINES YOU MAY WANT TO FOLLOW. FOOD AND YOUR FAMILY RIGHT AFTER THE BREAK.
 

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