It is interesting to be an observer of agricultural price movements. However, for many producers of agricultural commodities, prices are a key driver of their financial wellbeing. Wide ranging price movements over time can vastly alter their financial conditions. It is clear that the financial impacts of price movements affect many agricultural input businesses as well. What can happen to prices of agricultural commodities in a decade, and why look at the last decade? It is because it was 10 years ago in the fall of 2006 that agricultural commodity prices began to head upward in what can be described as a boom/moderation price cycle. Nearby futures prices are used to compare prices over time. Measured this way, prices for wheat, corn and lean hogs in the fall of this year fell to 10-year lows, dating back to 2006 or earlier. Unfortunately, costs of production are not at 10-year lows and this means narrow margins or losses are likely for many producing these commodities.Focusing on lean hog futures prices, the low this fall was on the October 2016 contract at $40.70. The previous time lean hog futures had been this low was in October of 2002. This means lean hog futures in the fall of 2016 were the lowest lead contract price in 14 years. Lean hog futures have recovered somewhat since October, with the lead contract currently trading around $50, a level that is at the lower end of the ten-year range.Cash prices also reflect these multi-year lows. Live prices of hogs for 51 percent to 52 percent carcasses are expected to average about $36.25 in the final quarter of this year. This will be the lowest fourth quarter price since 2002, the lowest cash prices in 14 years, the same as lean hog futures. The current quarter is shaping up to have the worst losses since the first quarter of 2008 when cash corn prices moved above $4 per bushel after many years around $2.
In its latest poultry industry report, the Rabobank International Food & Agribusiness Research and Advisory’s Q4 Poultry Quarterly report signalled challenges to an otherwise positive global poultry outlook in the year, due to global reports of avian influenza (AI) outbreaks reminiscent of similar incidents in 2015. Trade of meat and breeding stock are at risk during a period when tailwinds for poultry were resulting in positive momentum at a time when seasonal vulnerability for AI outbreaks are more likely given the onset of the winter season.
The Indiana Board of Animal Health has issued an advisory after one bull on a southern Indiana beef cattle farm was infected with anthrax. A veterinarian collected tissue samples for laboratory testing after the animal died unexpectedly. Only a single, mixed-breed bull died; other animals in the herd have not shown signs of infection, Fox59 reported.The infected animal was incinerated on-site, and the farm was placed under a 30-day quarantine and observation order by the Indiana State Board of Animal Health (BOAH)
The Michigan State University Upper Peninsula Research and Extension Center (UPREC) is home to an exciting program designed for those interested in starting a small farm business. The North Farm, located on the state’s oldest operating research station, was reopened in 2014 as an education and research facility focused on northern climate organic vegetable and fruit production. The flagship program for this facility is the Apprentice Farmer Program (AFP), which serves as a business incubator for farming entrepreneurs. The residential Apprentice Farmer Program is designed to serve as a launching point for individuals interested in starting their own farm business. The program provides access to resources valuable to beginning farmers, including land, equipment, infrastructure, and technical assistance. Farmers work to establish their farm in a low-risk environment, focusing on fine-tuning production strategies and marketing channels instead of concentrating on more traditional concerns such as land and equipment acquisition. Fruit and vegetable producers have access to up to one acre for up to five years, as well as access to a large collection of tools and equipment to manage production on their plots. The farm also provides greenhouse and field tunnel production space, packing shed facilities, cold storage for produce, water access, and a talented staff dedicated to helping participants succeed. Livestock producers are encouraged to keep an eye out for important information regarding new developments in the program designed to accommodate livestock operations. Affordable housing is available to program participants who opt to live on-farm.
Hampshire’s struggling dairy farmers may soon get some help from a relief program in the works at the Statehouse. Backed by the majority leaders in both the New Hampshire House and Senate, the Joint Dairy Farmers Task Force moved Monday to aid farmers affected by this year’s drought.The program is aimed at dairy farmers who have suffered financial losses from “unreasonably low” milk prices, and meager feed crops.Nineteen of New Hampshire’s 120 dairy farms stopped producing milk this year.This isn’t the first time the state has helped out the dairy industry. In 2007, when milk prices were similarly bad, the state provided emergency assistance. Rep. Tara Sad stressed the importance of doing something about the “dairy issue.”
The Michigan Department of Agriculture and Rural Development is aiming to improve the infrastructure and boost industry in some of the state’s more isolated communities. The DOA is offering grants for projects that would promote sustainability and expand industries that use a lot of land, such as farming, mining, oil production, tourism, and rural industry projects. The department has $1.5 million available, and projects will be awarded portions of that through a competitive process, where the applicants will have to explain how their proposal will improve rural areas.
The scientists found 37 different viruses they believe have the potential to spread across the globe. All of them have shown the ability to spread between people, but have not so far caused a major epidemic. The Mers coronavirus, relatives of the Ebola virus, and several mosquito-borne viruses are singled out by the study. Researchers said these viruses had all caused disease outbreaks in the past and were the cause of "greatest concern". The method the team used to identify the most dangerous viruses has already predicted the threat of both the Ebola and Zika viruses before they emerged to cause major epidemics.
Twenty days after a highly pathogenic avian influenza virus was first detected in South Korea, the epidemic shows no sign of abating. Nearly 3.4 million poultry had been culled as of Monday morning. According to the Ministry of Agriculture, Food and Rural Affairs, some 2.5 million chickens, 790,000 ducks and 71,000 quails have been slaughtered nationwide as part of the quarantine, after nearly 70 farms were confirmed or suspected of having avian influenza, or bird flu, outbreaks. Most of the ducks were culled at farms in Eumseong and Jincheon in North Chungcheong Province, two of the hardest hit areas. Those two places account for more than half the farm ducks in North Chungcheong Province. So far, 69 farms in seven cities and provinces have confirmed H5N6 cases since Nov. 16, when the H5N6 strain of bird flu was first reported at a chicken farm in Haenam, South Jeolla Province.
AVMA has now partnered with Bernstein Crisis Management, Inc. to provide a 24/7 hotline to assist our member veterinarians and clinics who face attacks and cyberbullying. Members calling the hotline will receive up to 30 minutes of actionable consultation with an experienced crisis management team at no charge to you. If you need additional help, you can pay for additional consultation at a significantly discounted rate, as an AVMA member. Your online reputation is part of your overall reputation, and preventive care is just as important for your practice’s online health as it is for your patients’ health. Monitoring and early response can help prevent the crises that arise from overlooked problems that escalate.
There are more than 120,000 people in the U.S. waiting for an organ transplant and not enough donors. The dire shortage has led some researchers to consider an unusual solution: They are breeding genetically modified pigs whose organs could be compatible for human transplant. Researchers have been trying for decades to make animal-to-human transplants work, a process known as xenotransplantation. Pigs are a particularly promising source of organs. They produce big litters. Organs such as the kidney and liver are similar in size to those of humans. “Nobody has come up with a better animal,” says Joseph Tector, a professor of surgery who runs the xenotransplantation program at the University of Alabama at Birmingham.