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meat markets

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.

How will the pork industry fare in 2012? Dr. Steve Meyer says 2012 has five key issues to keep an eye on: exports, U.S. Demand, feed prices, hog/pork supplies, and packing capacity. Steve also highlights the relationships between crops and costs.

Total feed supply is going down. This means we either get more efficient or we get smaller.

Dr. Gretchen Hilton, Oklahoma State University, presents details on how beef cuts are graded and classified for markets and pricing.