More Pork but Higher Prices in 2017

first_imgHome Indiana Agriculture News More Pork but Higher Prices in 2017 Facebook Twitter SHARE hurt-2017-hog-outlookThe last USDA Hogs and Pigs report issued in December estimated this year’s supply of pork will be larger than most analysts expect. U.S. pork producers, in the last quarter of 2016 set a pigs-per-litter record and for the entire year, the new annual record is 10.5 pigs per litter. Every sow is having more pigs so there will be an increase in pork output by about three percent this year. That’s the expectation of Purdue University Agricultural Economist Chris Hurt.“And that will be to 27.5 billion pounds,” he said. “Pork production will rise by four percent in the first half of 2017, by about two percent in the last-half.”Normally you would think with the higher production annual prices would be lower, but Hurts says there is more to consider.“First, retail prices did drop in 2016, but there is an opportunity for retail prices to come down even more, and lower retail prices would help stimulate the quantity of pork consumers purchase. Secondly USDA expects exports to expand by five percent and that will move more of the increased production to foreign consumers. Finally, with the addition of new processing capacity the farm to wholesale margins are expected to drop. Lower margins at the processing stage may contribute to stronger bids to hog producers.”Live hog prices are expected to be about $48 in 2017, $2 higher than in 2016. Hurt predicts prices will average $45 in the first quarter, the very-low $50s in the second and the third quarters, and then drop to $43 in the final quarter of 2017. A range of $2 higher or lower would be reasonable for price projections.Hurt expects costs of production to be around $50 on a live weight basis in both 2016 and 2017 based on current feed price expectations. That totals an average loss for producers of $12 a head last year and $6 a head this year. Because the 2017 outlook is for weak returns Hurt says it is important hog farmers keep further expansion to a minimum. This will be difficult with new processing capacity coming in 2017 as those plants will want to stimulate some added production to fill their lines.Source: NAFB News Service By Andy Eubank – Jan 4, 2017 Facebook Twitter More Pork but Higher Prices in 2017 Previous articleVilsack Expected to Become U.S. Dairy Export Council PresidentNext articleMorning Outlook Andy Eubank SHARElast_img read more

IAFP Honors

first_imgTwo University of Georgia College of Agricultural and Environmental Sciences food scientists have been presented awards of excellence from the International Association for Food Protection (IAFP). Distinguished Research Professor Emeritus Larry Beuchat and Professor Francisco Diez were recognized at the association’s annual meeting held July 21–24 in Louisville, Kentucky.Beuchat received the Maurice Weber Laboratorian Award in recognition of his outstanding contributions in the laboratory. The award also honors his commitment to the development of innovative and practical analytical approaches in support of food safety.He joined the Department of Food Science and Technology on the UGA Griffin campus in 1972 and has since published five books and 530 refereed scientific journal articles.Beuchat is a world authority on the microbiology of fruits, vegetables, nuts and legumes; methods for detecting yeasts, molds and pathogenic bacteria in foods; metabolic injury of bacteria and fungi; relationships of water activity to microbial growth; antimicrobial compounds in foods; fermented foods; thermal resistance of mold ascospores; and food preservatives.Most of Beuchat’s research at the UGA Center for Food Safety in Griffin focuses on how food safety issues relate to foods of plant origin.Diez is one of four recipients of the IAFP Fellow Award, which is bestowed on professionals who have contributed to IAFP and its affiliates with distinction over an extended period of time.Diez joined UGA in 2016 as director of the Center for Food Safety on the UGA Griffin campus. Previously, he was head of the Department of Food Science and Nutrition at the University of Minnesota, where he conducted food science research for 17 years.Diez has authored 95 peer-reviewed articles and 13 book chapters. His research focuses on the control of foodborne pathogens, low water activity foods, the safety of organic foods and pathogens associated with fresh produce.He serves on the U.S. Department of Agriculture’s National Advisory Committee on Microbiological Criteria for Foods, a group that provides impartial scientific advice and recommendations to the secretary of agriculture and the secretary of health and human services.For more information on the Center for Food Safety, visit cfs.caes.uga.edu.IAFP represents more than 4,300 food safety professionals including educators, government officials, microbiologists, food industry executives and quality control professionals who are involved in all aspects of growing, storing, transporting, processing and preparing all types of foods.last_img read more

Private equity, real estate boost Q2 returns at Finland’s Ilmarinen

first_img“Regional yield differences between the stock markets were unusually large,” he added. “The stock indices of the United States and emerging economies ended up in clearly positive territory.“Meanwhile, the European market, weighed down by growth and Brexit-related concerns, closed H1 clearly in the red.”Mursula said he was convinced equity market volatility would continue to the end of the year, due to continued geopolitical uncertainty and the “rough estimates and guesses” as to the impact of the UK’s decision to leave the European Union.“Both phenomena increase the markets’ uneasiness and are certainly not going to raise any hopes of a recovery in economic growth,” he said.However, away from equity markets, Ilmarinen’s sizeable fixed income portfolio – accounting for nearly 45% of assets – returned 0.3%, within which loans returned 1.9%, and bonds issued by public corporations 2.7%.Real estate, 11.3% of assets, returned 1.7%, while the mutual’s portfolio of ‘other’ investments – including hedge fund holdings and commodities – returned 10.6%.Despite the lower overall returns for the first six months of 2016, Ilmarinen still reported an average return of 4.3% over the course of the last decade, translating to a 2.6% real return averaged over the last 10 years. Finland’s Ilmarinen has closed out the first half of the year with investment losses, albeit with returns from the three months to June mitigating losses of 1.4% from the first quarter.Ending June with €35.7bn in assets, the pensions mutual said its holdings returned 0.8% over the second quarter, resulting in first-half results of -0.6%.While its equity portfolio overall generated losses of 3.6%, owing to the 5.8% loss on its listed equity holdings, Ilmarinen’s private equity portfolio produced a stronger performance, returning 5.5%.Mikko Mursula, the mutual’s CIO, noted equity markets had continued to be volatile throughout the first six months of the year.last_img read more