The drought conditions across the US corn belt have caused corn futures to reach record highs of over $8 per bushel. Estimates for the average corn yield have been lowered to below 130 bushels per acre, which could have 3 million fewer acres harvested than previously estimated. High feed costs are putting pressure on livestock producers and thousands of family farms may go out of business without relief from ethanol mandates. Red meat and poultry production was up slightly from last year but cattle and hog weights are higher, partially offsetting reduced slaughter numbers.
The USDA quarterly Hogs and Pigs report showed a slight reduction in the breeding herd from last year and a larger market herd, indicating a rapid shift from expansion to contraction. Farrowing intentions, especially for the next quarter, seem low relative to the breeding herd. The report implies lower pork supplies in the next four quarters but slaughter declines may not be as large as expected if sow slaughter increases.
This document summarizes housing sales data for West Mackay, Australia from 2007 to 2010. It shows the number of home sales, average sale price, moving median price, annual price growth, lowest sale price and highest sale price for each year. Sales declined from 147 homes in 2007 to 106 in 2008 and 112 in 2009. Average and median sale prices increased from 2007 to 2009, but the moving median declined 4.2% from 2008 to 2009. No data was recorded for home sales in 2010.
The document analyzes productivity and costs associated with glove box removal at the PFP site. It finds that the RMA/RMC teams have an average efficiency rate of 68%, resulting in 33.5 missed shifts per month and added costs of $1.1 million per month. Over 7 months, the total additional costs amount to $8 million. The document categorizes causes of missed shifts such as project management, external factors, and overtime.
Vancouver Real Estate December 2012 Stats Package REBGVMatt Collinge
VANCOUVER, B.C. – January 3, 2013 – The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.
Home sales in Greater Vancouver declined 22.7% in 2012 compared to 2011, while home listings declined slightly by 2%. Prices held relatively firm, declining modestly by 2.3% over the year. Activity was below average as both buyers and sellers remained hesitant in the market throughout most of 2012. By December 2012, home sales had fallen 31.1% compared to the previous December, with declining sales across detached, attached and apartment properties, while benchmark home prices fell slightly across all property types.
Sales and Marketing Executive DashboardDemand Metric
This document contains executive dashboard data for the current and last fiscal years across multiple categories:
- Customer base NPV, total revenue, expected sales by close month, total opportunities, cost per sale, cost per opportunity, and key marketing metrics are provided monthly.
- Total number of customers and customer retention rates are also given for each quarter.
- Goals are defined for each metric to track performance against target.
The document provides an economic forecast and real estate outlook by Ted C. Jones, Chief Economist at Stewart Title Guaranty Co. Some of the key points summarized are:
1. The US economy has struggled to recover jobs lost since the recession, and unemployment remains high.
2. The housing market recovery will be important to driving the broader economic recovery, as housing has led previous recession recoveries. However, the housing recovery remains uneven in different local markets.
3. Commercial real estate continues to face difficulties with high vacancy rates and falling prices. Property values have declined significantly from their peaks.
4. Jones forecasts that interest rates will rise in 2011 from current low levels, and outlines some economic concerns
The document provides a daily market update for Thailand and other global markets. It notes that the Thai stock market declined slightly while foreign investment increased. U.S. stocks rose to new highs, supported by positive manufacturing data. Inflation continued rising in South Korea and Indonesia. The Thai inflation rate was little changed at 3.03% despite higher food and energy prices. The Thai bond market saw little movement while U.S. Treasury yields rose slightly.
The USDA quarterly Hogs and Pigs report showed a slight reduction in the breeding herd from last year and a larger market herd, indicating a rapid shift from expansion to contraction. Farrowing intentions, especially for the next quarter, seem low relative to the breeding herd. The report implies lower pork supplies in the next four quarters but slaughter declines may not be as large as expected if sow slaughter increases.
This document summarizes housing sales data for West Mackay, Australia from 2007 to 2010. It shows the number of home sales, average sale price, moving median price, annual price growth, lowest sale price and highest sale price for each year. Sales declined from 147 homes in 2007 to 106 in 2008 and 112 in 2009. Average and median sale prices increased from 2007 to 2009, but the moving median declined 4.2% from 2008 to 2009. No data was recorded for home sales in 2010.
The document analyzes productivity and costs associated with glove box removal at the PFP site. It finds that the RMA/RMC teams have an average efficiency rate of 68%, resulting in 33.5 missed shifts per month and added costs of $1.1 million per month. Over 7 months, the total additional costs amount to $8 million. The document categorizes causes of missed shifts such as project management, external factors, and overtime.
Vancouver Real Estate December 2012 Stats Package REBGVMatt Collinge
VANCOUVER, B.C. – January 3, 2013 – The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.
Home sales in Greater Vancouver declined 22.7% in 2012 compared to 2011, while home listings declined slightly by 2%. Prices held relatively firm, declining modestly by 2.3% over the year. Activity was below average as both buyers and sellers remained hesitant in the market throughout most of 2012. By December 2012, home sales had fallen 31.1% compared to the previous December, with declining sales across detached, attached and apartment properties, while benchmark home prices fell slightly across all property types.
Sales and Marketing Executive DashboardDemand Metric
This document contains executive dashboard data for the current and last fiscal years across multiple categories:
- Customer base NPV, total revenue, expected sales by close month, total opportunities, cost per sale, cost per opportunity, and key marketing metrics are provided monthly.
- Total number of customers and customer retention rates are also given for each quarter.
- Goals are defined for each metric to track performance against target.
The document provides an economic forecast and real estate outlook by Ted C. Jones, Chief Economist at Stewart Title Guaranty Co. Some of the key points summarized are:
1. The US economy has struggled to recover jobs lost since the recession, and unemployment remains high.
2. The housing market recovery will be important to driving the broader economic recovery, as housing has led previous recession recoveries. However, the housing recovery remains uneven in different local markets.
3. Commercial real estate continues to face difficulties with high vacancy rates and falling prices. Property values have declined significantly from their peaks.
4. Jones forecasts that interest rates will rise in 2011 from current low levels, and outlines some economic concerns
The document provides a daily market update for Thailand and other global markets. It notes that the Thai stock market declined slightly while foreign investment increased. U.S. stocks rose to new highs, supported by positive manufacturing data. Inflation continued rising in South Korea and Indonesia. The Thai inflation rate was little changed at 3.03% despite higher food and energy prices. The Thai bond market saw little movement while U.S. Treasury yields rose slightly.
Este documento presenta la oferta de cursos intensivos de la Universidad Centroccidental para agosto de 2012, incluyendo cursos de Ingeniería de Producción y de la Licenciatura en Ciencias Matemáticas. Se detallan 17 cursos de Ingeniería de Producción con información sobre horas, costo, sección, profesor, cupos disponibles y días. También se presentan 2 cursos de la Licenciatura en Ciencias Matemáticas con información similar.
El documento contiene 3 preguntas sobre hipertensión arterial, reanimación cardiopulmonar y emparejamiento de canciones con artistas. La primera pregunta indica que la presión arterial en la hipertensión estadio 1 es de 130/85mmHg. La segunda pregunta establece que la relación correcta de compresiones y ventilaciones en la RCP para un adulto es 30 compresiones y 2 ventilaciones. La tercera pregunta empareja las canciones con los artistas siguientes: 1. Alejandro Sanz, 2. Marc Anthony, 3. Alejandra
Victoria is interested in taking a diplomado, or certificate program. The short document does not provide many details about Victoria or the specific diplomado program. In just a few words, it conveys that Victoria is exploring continuing her education with a certificate program.
This document discusses fitness for service assessment and remaining life assessment analysis of aging assets. The author is Mahendra Kumar Rastogi, a material and reliability expert based in India. The document focuses on evaluating aging infrastructure and determining their remaining usable lifetime.
Claudia SELARU has successfully completed the Practitioner Diploma in Executive Coaching from The Academy of Executive Coaching. She attained passes for presenting and demonstrating a coaching framework, and completed 60 training hours as part of the ACSTH program. The certificate was issued and signed by Cristian Tudoran and John Leary-Joyce on January 27, 2016.
Este documento describe los tipos de computadoras analógicas y digitales, así como las generaciones de computadoras desde 1946 hasta la actualidad. Explica que una computadora es una máquina electrónica que recibe y procesa datos utilizando software para controlar el hardware. También describe los componentes básicos de una computadora como la CPU, memoria y unidad de control y cómo funciona el proceso de entrada, procesamiento y salida de datos.
This certificate recognizes Ankit Kalra and Arvind Chetty's attendance and participation in the Society of Petroleum Engineers (SPE) Western Australia's Team Development workshop held in May 2016. The workshop aimed to develop teams and was led by Arvind Chetty in his role as SPE Western Australia's Mentoring Lead.
Client - Craig Lack - Performance Based Health PlansTR Garland
The document promotes watching a video about exploiting the ObamaCare law. In a few sentences, it claims the video will explain how to ethically exploit provisions of the Affordable Care Act without providing any context or evidence to support the claim.
Two Truth One Lie
The document describes three stories:
1) The author went to Mexico on vacation and tried drinking coconut water from fresh coconuts on the beach.
2) The author planned a fishing trip with his buddy but had to cancel when their flight was delayed due to plane problems.
3) The author watched his soccer coach's game where another player badly broke his leg on the field which was difficult to watch.
O governo do Amazonas anunciou a criação de seis novas áreas de preservação ambiental totalizando 4,2 milhões de hectares. Essas áreas são ricas em biodiversidade e abrigam espécies ameaçadas como o peixe-boi. Com as novas áreas, o total protegido pelo estado chega a 12,2 milhões de hectares, preservando a cobertura vegetal da Amazônia.
El documento presenta el Trabajo Práctico N°1 del grupo verde del Instituto Superior de Formación Docente “José Manuel Estrada” sobre la Ley SOPA. El grupo analiza los objetivos y alcances de la ley, y concluye que si bien ayudaría a detener los beneficios de los sitios piratas, también violaría la privacidad al restringir el compartir contenidos y beneficiaría sólo a la industria del contenido.
The document summarizes sow farm and nursery, finishing, and wean-to-finish closeout performance data from 2014. Key metrics like pigs weaned per sow, feed conversion ratio, and mortality rates are presented for different percentiles of performance. Benchmarking metrics allow comparison of individual operation performance to averages and top-performing farms. The data can be used to identify areas of strength and weakness to guide improvement efforts.
Dr. Mike Brumm - Impact of heavy swine market weights on facility and equipme...John Blue
Impact of heavy swine market weights on facility and equipment needs - Dr. Mike Brumm, from the 2012 Allen D. Leman Swine Conference, September 15-18, St. Paul, Minnesota, USA.
More presentations at http://www.swinecast.com/2012-leman-swine-conference-material
Este documento presenta la oferta de cursos intensivos de la Universidad Centroccidental para agosto de 2012, incluyendo cursos de Ingeniería de Producción y de la Licenciatura en Ciencias Matemáticas. Se detallan 17 cursos de Ingeniería de Producción con información sobre horas, costo, sección, profesor, cupos disponibles y días. También se presentan 2 cursos de la Licenciatura en Ciencias Matemáticas con información similar.
El documento contiene 3 preguntas sobre hipertensión arterial, reanimación cardiopulmonar y emparejamiento de canciones con artistas. La primera pregunta indica que la presión arterial en la hipertensión estadio 1 es de 130/85mmHg. La segunda pregunta establece que la relación correcta de compresiones y ventilaciones en la RCP para un adulto es 30 compresiones y 2 ventilaciones. La tercera pregunta empareja las canciones con los artistas siguientes: 1. Alejandro Sanz, 2. Marc Anthony, 3. Alejandra
Victoria is interested in taking a diplomado, or certificate program. The short document does not provide many details about Victoria or the specific diplomado program. In just a few words, it conveys that Victoria is exploring continuing her education with a certificate program.
This document discusses fitness for service assessment and remaining life assessment analysis of aging assets. The author is Mahendra Kumar Rastogi, a material and reliability expert based in India. The document focuses on evaluating aging infrastructure and determining their remaining usable lifetime.
Claudia SELARU has successfully completed the Practitioner Diploma in Executive Coaching from The Academy of Executive Coaching. She attained passes for presenting and demonstrating a coaching framework, and completed 60 training hours as part of the ACSTH program. The certificate was issued and signed by Cristian Tudoran and John Leary-Joyce on January 27, 2016.
Este documento describe los tipos de computadoras analógicas y digitales, así como las generaciones de computadoras desde 1946 hasta la actualidad. Explica que una computadora es una máquina electrónica que recibe y procesa datos utilizando software para controlar el hardware. También describe los componentes básicos de una computadora como la CPU, memoria y unidad de control y cómo funciona el proceso de entrada, procesamiento y salida de datos.
This certificate recognizes Ankit Kalra and Arvind Chetty's attendance and participation in the Society of Petroleum Engineers (SPE) Western Australia's Team Development workshop held in May 2016. The workshop aimed to develop teams and was led by Arvind Chetty in his role as SPE Western Australia's Mentoring Lead.
Client - Craig Lack - Performance Based Health PlansTR Garland
The document promotes watching a video about exploiting the ObamaCare law. In a few sentences, it claims the video will explain how to ethically exploit provisions of the Affordable Care Act without providing any context or evidence to support the claim.
Two Truth One Lie
The document describes three stories:
1) The author went to Mexico on vacation and tried drinking coconut water from fresh coconuts on the beach.
2) The author planned a fishing trip with his buddy but had to cancel when their flight was delayed due to plane problems.
3) The author watched his soccer coach's game where another player badly broke his leg on the field which was difficult to watch.
O governo do Amazonas anunciou a criação de seis novas áreas de preservação ambiental totalizando 4,2 milhões de hectares. Essas áreas são ricas em biodiversidade e abrigam espécies ameaçadas como o peixe-boi. Com as novas áreas, o total protegido pelo estado chega a 12,2 milhões de hectares, preservando a cobertura vegetal da Amazônia.
El documento presenta el Trabajo Práctico N°1 del grupo verde del Instituto Superior de Formación Docente “José Manuel Estrada” sobre la Ley SOPA. El grupo analiza los objetivos y alcances de la ley, y concluye que si bien ayudaría a detener los beneficios de los sitios piratas, también violaría la privacidad al restringir el compartir contenidos y beneficiaría sólo a la industria del contenido.
The document summarizes sow farm and nursery, finishing, and wean-to-finish closeout performance data from 2014. Key metrics like pigs weaned per sow, feed conversion ratio, and mortality rates are presented for different percentiles of performance. Benchmarking metrics allow comparison of individual operation performance to averages and top-performing farms. The data can be used to identify areas of strength and weakness to guide improvement efforts.
Dr. Mike Brumm - Impact of heavy swine market weights on facility and equipme...John Blue
Impact of heavy swine market weights on facility and equipment needs - Dr. Mike Brumm, from the 2012 Allen D. Leman Swine Conference, September 15-18, St. Paul, Minnesota, USA.
More presentations at http://www.swinecast.com/2012-leman-swine-conference-material
The document provides an overview of the global grain and oilseed situation and outlook. It analyzes trends and projections for US and world GDP growth, commodity prices, crop production and supply/demand balances. Key points include: US GDP growth is projected to be modest at 1.5-2.5% annually; world GDP growth remains positive but uneven across regions; US drought conditions have improved but remain a threat to corn production; global soybean production depends heavily on weather in South America.
The document provides an overview and outlook of commodity markets in 2020, with a focus on US and Canadian/Ontario market situations and projections. It summarizes key data on crop and livestock production, exports, prices, and supply/demand balances for major commodities like corn, soybeans, beef, and pork in the US and Ontario from 2007-2019. Projections show stable-to-increasing production and exports for most commodities in North America through 2021.
Dr. Kyle Coble - Introduction: How Do We Define Wean AgeJohn Blue
This document summarizes a presentation on defining optimal wean age in the swine industry. It discusses several factors to consider in determining optimal wean age, including mortality, production costs, space requirements, and pig performance. Research suggests benefits from increasing wean age such as improved sow reproductive performance and pig growth. Data from trials show increased average daily gain and decreased mortality with older wean ages. The costs of increasing wean age on sow farms is also examined, with examples showing the increased investment needed per additional wean day. There is a need for more large-scale trials examining impacts beyond 22 days and under reduced antibiotic conditions.
Market & Grain Outlook - Dr. Steve Meyer, Kerns & Associates, From the 2018 World Pork Expo, June 6 - 8, 2018, Des Moines, IA, USA.
More presentations at http://www.swinecast.com/2018-world-pork-expo
This document summarizes single-family residential real estate market data for 16 different areas in the Houston region for the year-to-date of 2009 and 2010. For each area, it provides statistics on sales, average and median home prices, price per square foot, percentage of homes sold at or above list price, cooperative sales, new listings, active listings, pending sales, and months of inventory. It compares the 2009 and 2010 year-to-date figures and calculates the percentage difference between the two years for each statistic. The areas range from specific neighborhoods to broader geographic regions around Houston.
The document discusses recent inflation trends in the US. In December, consumer and producer prices either moderated or declined for items like food, energy and utilities, causing overall inflation measures to remain flat or decrease slightly. However, some prices like food at home and medical services increased at concerning rates. Looking ahead, the Federal Reserve will likely continue its low interest rate policy through 2013 to support the economy, which risks potential future inflation.
Tyson Foods reported first quarter fiscal year 2009 revenue of $6.521 billion, a 0.7% increase from the previous quarter. Chicken sales generated 34.3% of total revenue but the segment experienced a 695.8% decline in operating income. Beef sales accounted for 40.8% of total revenue but had no change in operating income. Overall, the company reported a total operating loss of $198 million, down 310.6% from the previous quarter.
- Housing sales in Greater Vancouver remained at a 10-year low in July, with 2,098 residential property sales, an 18.4% decline from July 2011.
- New listings also declined 5.8% from July 2011, while total active listings increased 18.8% from the previous year.
- Benchmark home prices remained relatively stable, with the composite price for all residential properties increasing 0.6% over the last 12 months to $616,000.
The document contains an economic impact study from Penn State economists on the Marcellus Shale that found:
- In 2010, $8 billion annual impact and 107,000 jobs, with $900 million in state and local tax revenue.
- By 2020, $14 billion annual impact and 175,000 jobs, with $1.4 billion in state and local tax revenue.
- 30% of tax revenue remains local.
This document presents technical and financial details of a proposed gold mining project, including:
- Estimated pre-tax and after-tax NPV and IRR for the project under a range of gold price scenarios.
- Expected annual gold production over the 12-year mine life, totaling over 3 million ounces.
- Forecasted cash costs per ounce and total cash cost breakdown.
- Results from 2015 confirmation drilling that showed higher gold grades compared to 2014 drilling.
- Location of the project relative to other mining operations in the region.
Palm Springs Area Listings Sold By Calendar Quarter (Through March 2010)SDM: Music Venture
Nine quarters of Palm Springs area sales activity through first quarter 2010.
(Charts provided by Real Data Strategies through the California Desert Association of Realtors.
USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates report on September 12th. There is focus on corn and soybean harvested acreage estimates. Analyst estimates for corn harvested acres range from 83-87.4 million acres, compared to USDA's August estimate of 87.4 million acres. Cow and bull slaughter has declined below year-ago levels since mid-August. The report will provide updated estimates for U.S. and global crop production and supply/demand.
USDA will release its estimates for US and world agricultural output and usage on September 12th, including corn and soybean estimates. There is disagreement over corn yield estimates, ranging from 117.6 to 124 bushels per acre. Soybean estimates are expected to be slightly lower than August estimates. Cow and bull slaughter has declined significantly compared to last year since mid-August.
Dr. Joel DeRouchey - Managing High Feed CostsJohn Blue
This document summarizes research on managing high feed costs for swine production. It discusses factors that influence feed efficiency such as genetics, health, environment and diet quality. Improving feed efficiency through reduced particle size and pelleting can lower costs. The document also reviews using alternative ingredients like DDGS in swine diets and their effects on performance. Maintaining low diet costs while meeting nutrient needs is important for optimal growth and profitability.
Dr. Steve Pollmann - Sow lifetime productivity: Importance of monitoring in c...John Blue
Sow lifetime productivity: Importance of monitoring in commercial pork production - Dr. Steve Pollmann, from the 2012 Allen D. Leman Swine Conference, September 15-18, St. Paul, Minnesota, USA.
More presentations at http://www.swinecast.com/2012-leman-swine-conference-material
Brunswick (BC) Pitch - Jonathan Chang - FINAL COPYJonathan Chang
This document provides financial projections and valuation metrics for Brunswick Corporation and several peers. It includes estimates of revenue and EBITDA growth for Brunswick from 2014 to 2018 under analyst, conservative, base, and optimistic scenarios. It also shows discounted cash flow analyses for Brunswick using a range of terminal growth and EBITDA multiple assumptions. The document indicates Brunswick currently trades at a premium or discount to peer median valuation metrics.
The housing market in Greater Vancouver saw slight increases in home sales and decreases in listings and home prices in October compared to previous months. Home sales increased 27.4% from September to October but were still below the 10-year average for October. While prices have declined from their peak in spring, conditions still favor buyers with low interest rates and less competition.
El documento presenta indicadores comerciales de maíz y soja en Argentina. Para maíz en la campaña 2012/13, el saldo exportable fue de 19,4 millones de toneladas, de las cuales se compraron 18,21 millones para exportación. Queda por vender 1,2 millones de toneladas y falta fijar precio para 2,2 millones. Para soja 2013/14, la producción estimada es de 53,51 millones de toneladas, de las cuales se compraron 2,08 millones y falta vender 50,6 millones y fij
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en establecimientos habilitados a nivel nacional hasta el 31 de agosto de 2013. La faena de bovinos fue de 1,4 millones de cabezas, con un 45% correspondiente a vacas. La faena ovina fue de 783,434 cabezas, con un 47% correspondiente a corderos. La faena porcina fue de 129,004 cabezas, con un 92% correspondiente a cerdos. El documento también incluye información sobre precios de hacienda
O documento discute o preço do leite pago ao produtor no Brasil em julho de 2013. O preço médio nacional do leite aumentou 3,6% em relação a junho, impulsionado pela forte demanda. A produção de leite aumentou em junho, mas ainda está abaixo da demanda das indústrias. As expectativas são de novos aumentos de preços em agosto devido à continuidade da demanda aquecida.
O documento discute o mercado de leite no Brasil em junho de 2013. A produção de leite continuou baixa devido ao período de entressafra, enquanto a demanda permaneceu firme, fazendo com que os preços pagos aos produtores aumentassem pelo quinto mês consecutivo. Os gastos com alimentação animal também subiram em junho, influenciados pela alta nos preços de suplementos. A expectativa é de novos aumentos nos preços do leite em julho.
O preço pago ao produtor de leite em maio foi o maior em cinco anos devido à baixa oferta causada pela escassez de alimentos para as vacas e atraso nas chuvas. A diminuição da oferta elevou os preços dos derivados e levou algumas indústrias a aumentarem os preços para reduzir as vendas com medo de não atender a demanda. No entanto, casos isolados de adulteração de leite no Rio Grande do Sul não devem comprometer a imagem e importância desse alimento essencial para a saúde.
O preço pago ao produtor de leite aumentou pelo terceiro mês consecutivo em abril, impulsionado pela queda na oferta. A expectativa é de que os preços continuem subindo em maio, apesar da possível elevação da produção no Sul. Os custos de produção, no entanto, permanecem altos, exigindo planejamento dos produtores.
A produção de leite no Brasil continuou em queda em fevereiro, restringindo a oferta e aumentando a disputa pelos suprimentos entre as indústrias. Como resultado, os preços pagos aos produtores subiram 2,53% em março. A maioria dos agentes de mercado espera que os preços continuem aumentando em abril devido à oferta limitada e demanda constante.
El resumen proporciona información sobre la faena de bovinos, ovinos y porcinos en Uruguay hasta el 24 de agosto de 2013. La faena de bovinos fue un 3% superior a 2012, con 1,377,335 cabezas faenadas. La faena ovina aumentó un 19% en dólares y un 35% en volumen respecto a 2012. La faena porcina fue similar a 2012, con 125,490 cabezas.
El balance del Banco Central de la República Argentina al 07 de agosto de 2022 mostraba reservas internacionales por $204.675 millones, equivalentes a u$s37.022 millones. La deuda del gobierno nacional con el Banco Central totalizaba $158.503 millones, equivalentes a u$s28.670 millones. Los agregados monetarios M1, M2 y M3 tuvieron incrementos interanuales de entre 27,7% y 30,2%. La implementación de contratos forward ganaderos permitiría a productores ganaderos acceder a financiamiento para
El documento presenta indicadores comerciales de la soja para la campaña 2012/13. Muestra que la producción fue de 48 millones de toneladas, un aumento del 7% respecto al año anterior. Las compras totales fueron de 12,35 millones de toneladas, una disminución del 27% interanual. Aún quedan 34,8 millones de toneladas por vender y 41,9 millones de toneladas sin precio fijado.
El resumen del documento es:
1) La faena de bovinos aumentó un 18% respecto al mismo período del año anterior. La faena de ovinos aumentó un 75% y la de porcinos un 5%.
2) La faena de ovejas, corderos y cerdos representaron el principal porcentaje de la faena total de cada especie.
3) Las exportaciones totales del sector aumentaron un 6% en divisas respecto al mismo período del año anterior, mientras que las exportaciones de carne bovina y ovina aumentaron en volumen y
This document discusses the differences between federally inspected (FI) slaughter and commercial slaughter data reported by the USDA. FI slaughter occurs in plants inspected by the USDA Food Safety and Inspection Service and accounts for over 98% of cattle and 99% of hog slaughter. The USDA publishes daily and weekly FI slaughter reports that provide estimates of slaughter numbers and production. Commercial slaughter data comes from state-inspected plants and is reported monthly with more detailed information. The document provides an overview of several key USDA reports and the differences between FI and commercial data sources.
- Pork production reached record high levels in Q4 2012 despite warnings about high feed costs reducing meat supplies. However, pork production trends had shifted downward beginning in 2008 with the surge in corn prices above $4/bushel.
- Prior to 2008, all major meat production species were growing steadily each quarter. The spike in grain costs disrupted this and caused production cuts, especially after prices rose above $6-7/bushel.
- Had grain costs not increased as sharply, meat production for all species would be significantly higher now, providing billions of additional pounds of protein for consumers each quarter.
The document summarizes estimates for USDA's upcoming Cattle on Feed report, which is expected to show lower placements, marketings, and inventories compared to the previous year. Retail meat prices increased in March compared to February for all meats except composite broilers. While retail prices have increased, wholesale and farm values have not risen as much, especially for beef and pork. There is concern that retail prices are rising faster than production costs to keep products moving through the supply chain.
- Corn planting progress is off to a slow start in 2013, with only 2% of acres planted nationally by mid-April, compared to a 5-year average of 7% planted. Several key corn-producing states are lagging behind their normal planting paces.
- While slow planting progress is not disastrous, the entire 2013 corn crop will be closely watched given tight supplies. However, 2008 and 2009 had similarly slow starts but ended with good yields.
- Cattle and hog producers face high feed costs and low prices, suggesting significant losses for the remainder of 2013 despite some expected cost declines later in the year. Hog producers may see better prospects in 2014 if costs continue to fall as projected.
The USDA discontinued the voluntary National Carlot Pork Report and will instead track two mandatory pork reports providing pricing on an FOB Plant and FOB Omaha basis. This change was made to provide better visibility into wholesale pork pricing. While some wanted the reports published side by side for six months, continuing the voluntary report proved impractical as packers stopped reporting to it once the mandatory reports began on April 1st. The mandatory reports have consistently shown prices around 4 cents or 5% higher than the voluntary report, suggesting the voluntary report did not provide full visibility previously.
The document provides updates to global agricultural supply and demand estimates for various commodities including wheat, coarse grains, rice, oilseeds, sugar, and cotton for the 2012/13 period. Key points include:
- U.S. wheat ending stocks are projected to be 15 million bushels higher. Global wheat supplies and trade are also projected to increase.
- U.S. coarse grain ending stocks are projected to be higher led by a 125 million bushel increase in corn ending stocks. Global coarse grain production is projected to increase 1.1 million tons.
- U.S. rice domestic use is projected to decrease 5 million cwt, increasing ending stocks. Global rice production is projected at
1) The statistics for US meat exports reported monthly by the US Census Bureau and weekly by USDA through its export sales reporting system have become increasingly difficult to reconcile in recent months.
2) The monthly Census data shows a 36% decline in US beef exports to Mexico in January 2013, while the weekly data reported a 19% increase.
3) A comparison of monthly official beef export statistics and implied monthly exports from the weekly data shows they are dramatically different since 2012, possibly due to a change in commodity classification codes.
USDA issued its latest forecasts for 2013 beef, pork, and poultry production in April. The biggest revision was a reduction in the beef production forecast of 230 million pounds or 0.9% to 24.976 billion pounds total. This likely reflects expectations for reduced cattle slaughter and slower weight gains in the second half of the year due to smaller feedlot placements. Imports were forecast to be up 0.4% while exports were down 0.6%. Per capita beef consumption in 2013 is now forecast to be 55.7 pounds, down 2.9% from 2012 despite reduced availability.
- Wholesale beef prices have remained volatile as cattle prices jumped briefly around Easter but have since drifted lower. Slow demand in the first quarter of 2013 has led to excess inventories and cautious purchasing by retailers and foodservice.
- Combined US steer and heifer slaughter so far in 2013 is running slightly below year-ago levels. Choice beef cutout prices are over 7% higher than last year due to demand for certain export-dependent cuts.
- After declining last year following the LFTB controversy, prices for fat beef trimmings have surged recently but it remains unclear if high prices can be sustained after Memorial Day.