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Livestock Market Outlook

Learn why export markets are crucial for U.S. farmers, as they offer access to customers, economic growth, consumption growth, and help utilize surpluses. 96% of the world's population lives outside the U.S.

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Livestock Market Outlook

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  1. Livestock Market Outlook June 25, 2019 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911

  2. Why do U.S. farmers need export markets? • That’s where the customers are • That’s where the economic growth is • That’s where the consumption growth is • We produce surpluses • We only eat high on the hog • Exports are crucial to farm income

  3. 96% of the world’s population lives outside the US Source: CIA World Factbook

  4. Export share of US production, 2018 Source: USDA WASDE

  5. Arable land

  6. Global Shares Source: USDA

  7. U.S. Meat Production & Prices Source: USDA-WAOB

  8. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  9. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  10. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  11. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  12. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  13. Data Source: USDA-NASS, Compiled & Analysis by LMIC

  14. Beef Export Sales Source: USDA-FAS

  15. Beef Export Shifts Source: USDA-FAS

  16. Data Source: USDA-ERS, Compiled & Analysis by LMIC

  17. Data Source: USDA-AMS, Compiled & Analysis by LMIC

  18. Cattle Crush Margin The Crush Margin is the return after the feeder steer and corn costs. Live weight: 1250 pounds Feeder weight: 750 pounds Corn: 50 bushels per head Source: ISU Extension

  19. Pork Export Sales Source: USDA-FAS

  20. Pork Export Shifts Source: USDA-FAS

  21. Data Source: USDA-ERS, Compiled & Analysis by LMIC

  22. Data Source: USDA-AMS, Compiled & Analysis by LMIC

  23. Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Source: ISU Extension

  24. Want to provide feedback on my presentation?https://www.surveymonkey.com/r/ChadHart

  25. Thank you for your time!Any questions?My web site:http://www2.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www2.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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