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Managing the Margin: Economic Outlook - Dr. Lee Schulz, Extension Livestock Economist, Iowa State University, from the 2014 Iowa Pork Congress, January 22-23, Des Moines, IA, USA.

Dr. Lee Schulz, Extension Livestock Economist, Iowa State University, talk about the key drivers of pork producer profits in 2014. Some of the uncertainties that have been introduced are swine diseases (PEDV), how consumer demand will change, and input costs.

More presentations at http://www.swinecast.com/2014-iowa-pork-congress

Grains and Livestock Economic Outlook - Dr. Steve Meyer, Paragon Economics, from the 2013 World Pork Expo, June 5 - 7, 2013, Des Moines, IA, USA.

Dr. Steve Meyer, Paragon Economics, says key issues in coming months will be input and production costs; demand; output levels for 2013 and 2014; and prices and margins.

He reminded people that in 2012 he said if it rains we have $4 corn and if it doesn't we have $8 corn - and that everyone heard the first part and nobody heard the second part. In summary Dr. Meyer says that corn belt rains have been good, now we need some warm dry days.

Show Me the Money: Economic Outlook - Dr. Steve Meyer, President of Paragon Economics, from the 2013 Iowa Pork Congress, January 23-24, Des Moines, IA, USA.

Markets are to help smooth transactions and keep products flowing. That's the theory.
Grain Coffee

agriculture economics 101 Markets exist to help smooth the flow of information and make the future more predictable. Or so say some of the theories. But it takes a Ph.D. sometimes to figure out what is going on when corn goes above $8 and you are sitting on several thousand bushels. Do you sell? Or do you wait?

There is less pressure from ethanol demand and the industry is catching up with trend-line yields. And prices are moderating, although at higher levels than preferred. Purdue's Dr. Chris Hurt shares what's happening and why we should see a bit less volatility in the days to come.