Pace Set To Break 2008 Pork Export Record hog


imports equaled 3.6 percent of production. U.S. pork imports during August were down 18


outlook


GLENN GRIMES AND RON PLAIN Agricultural Economists • University of Missouri


week. The greatest potential for the U.S. livestock industry comes from the trade pact with South Korea. South Korea is one of the top four foreign buyers of both U.S. pork and beef. We are cur- rently supplying a little less than 40 percent of South Korea’s pork and beef imports. That will not change overnight as the agreement calls for a 10 year phase out of pork tariffs and a 15 year phase out of beef tariffs. U.S. pork exports during August were up 43.6


C


percent compared to a year earlier. Pork exports to all major foreign buyers were higher than Au- gust 2010 except for Mexico which was down 1 percent. Shipments to China were up 378 percent compared to last August and were the largest for any month since June 2008. Exports to South Korea were up 146 percent and to Russia up 142 percent compared to a year earlier. August exports equaled 22.9 percent of U.S. pork production and


ongress has approved the three free trade agreements (South Korea, Colombia and Panama) submitted by the President last


percent. Thus far in 2011, pork imports are down 6.1 percent and exports are up 18.7 percent. We are on pace to break the 2008 record for pork ex- ports and to have the lowest pork imports since 1998. Through August, feeder pig imports from Canada


are up 1 percent and imports of Canadian slaugh- ter hogs are down 4 percent. Hog slaughter totaled 2.318 million head this


week, down 0.9 percent from last week, but up 2.4 percent compared to the same week last year. Since the first of September, hog slaughter has av- eraged a bit over 1 percent higher than indicated by the September hog inventory survey. Barrow and gilt carcass weights for the week ending Octo- ber 1 averaged 201 pounds, up 1 pound from the week before and unchanged from a year ago. Iowa- Minnesota live weights for bar- rows and gilts last week averaged 272.7 pounds, up 2.2 pounds from the week before and up 0.1 pound compared to last year. Hog prices dropped a bit this


week. The national average ne- gotiated carcass price for direct delivered hogs on the morning report today was $90.02/cwt, down 83 cents from last Fri- day. The Friday morning price report for the western corn belt was $90.50/cwt with Iowa- Minnesota at $90.63. No quote


was available on Eastern corn belt hog prices this morning. Friday’s top live hog price at Peoria was $61/cwt. Zumbrota’s top was also $61/cwt. The top for interior Missouri live hogs was $64.50/cwt, the same as the previous Friday. USDA’s Thursday afternoon calculated pork


cutout value was $97.68/cwt, down 23 cents from the previous Thursday. For this time of year, hog prices are unusually high relative to the pork cutout value. Today’s close for the October lean hog futures


contract, $93.57/cwt, was down $1.10 from last Friday. The December lean hog futures contract settled at $90.07/cwt, up 67 cents from the previ- ous Friday. February gained 80 cents this week to settle at $92.55/cwt.


∆


GLENN GRIMES AND RON PLAIN: Agricultural Economists, University of Missouri


Corn And Soybean CONTINUED FROM PAGE 6


percent behind the level of a year ago, but the gap is expected to narrow over the next several weeks. Expectations


about the


strength of demand and the rate of corn and soybean consump- tion hinge on a combination of South American crop prospects


and global economic conditions. Again, those factors will unfold over the next few months. After the wide swings of the last


three months, a much narrower trading range is expected for both corn and soybeans prices into the winter months.


DR. DARREL GOOD: Extension Economist, University of Illinois


∆


2010 MX245 700 hrs, Auto steer ready, wrty 9/14/12.......$139,500 (S)


2009 CIH 9120 401/279 hrs, 4WD, Nav II auto guidance, luxury cab, .. ........................................$269,900


2010 MX305 1140 hrs. Wrty, 12/17/13, Susp. frt. axle .....................................$179,900 (C)


2010 CIH MX275 0 hours, guidance ready, HD axles, lux. cab ...$172,900


2007 MX275, 1548 hrs., frt. wghts, local one owner ............$129,900 (S)


2005 CIH 2388, 1391/1203 hrs, 4wd, HD rear end, corn/beans..$135,000 (S)


2009 MX335 105 hrs. auto steer ........ ....................................$196,900 (C)


Tractors


2009 MX275 550 hrs warr. 3/12 ......... ....................................$158,900 (C)


2007 MX305 1619 hrs. lux. cab.......... ....................................$139,900 (S)


2007 MX245 1067 hrs sup frt.axle...... ....................................$134,900 (S)


2004 JD 9520 2200 hrs. scraper ........ ....................................$169,900 (C)


2009 NH T1510 45 hrs loader .....................................$15,500 (S)


2006 NH9060R 1155/831 hrs, 4wd, corn/beans....................$169,900 (C)


2005 Kubota L3130GST 1144 hrs tractor/loader/ backhoe$18,500 (S)


2007 Kubota B7510HST 173 hrs........ ......................................$10,500 (S) Combines


2006 NH CR960 1155/831 hrs ........... ....................................$169,900 (C)


2006 2388 1206/1070 hrs 4wd ........... ....................................$142,900 (C)


2005 2388 1391/1203 hrs 4wd .......... ....................................$135,500 (S)


2004 2388 1791/1426 hrs, 4wd .......... ....................................$129,900 (C)


2010 Kubota L3940HST 50 hours, 4WD, loader, 6' cutter, warranty ...............................................$22,900


1989 1680 4wd, local trade.............. ......................................$19,500 (S) Misc.


1991 1680 3324 hrs 4wd nice! ......... ......................................$34,900 (C)


2000 Outer Road• Charleston, MO (573) 683-2601


Cell: 573-380-7700 www.medlineq.com


©2007 CNH America LLC. All rights reserved. Case IH is a registered trademark of CNH America LLC. CNH Capital is a trademark of CNH America LLC. www.caseih.com


22• MidAmerica Farmer Grower / October 21, 2011


101 County Line Road•Sikeston, MO (573) 471-2531


2006 Krause disk, 32', 9" sp. .............. ................................$24,900 CIH 490 disk 25' 7.5" spacing ..................................$5,500 2010 J&M 750 Grain Cart ...... ................................$25,500 Kilbros 1200 Grain Cart ....... . ................................$10,500 CPX625 2008 model, 337 engine hours, 246 fan hours .. ..............................$399,000


JD 630 disk, 7.5" spacing 37'.............. ............................................$16,000


Call 573-380-7700 for more information


1996 2188 2712/1961 hrs 4wd ......................................$52,500 (S)


2001 2388 2470/1863 hrs 4wd......... ......................................$99,900 (C)


2002 2388 2754/2121 hrs 4wd ........... ....................................$109,900 (C)


1989 CIH 7140 5395 hours, duals, 3 remotes, Nice! ......................$42,500


2010 JD 8320RT 1,531 hrs, GPS, warranty until 2014, 25" tracks............ .............................................$219,900


2009 CIH 7120 864/721 hrs, leather seat package, Pro 600 monitor, power/heated mirrors, 2 speed Mudhog, fieild tracker, corn/bean rotor, chopper, HID lighting pkg $239,500 (S)


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40