Joe Kerns: Hog and Grain Economics | Ep. 151

Ever since Covid began, grain and hog prices have been a whirlwind of fluctuations that have had some serious impacts on swine production. With the current market having seen such large fluctuations in price, it is important that we understand where we are at and where we will be in the next quarter. In this episode, I talk with Joe Kerns about those exact topics: where we are economically, where we may be in late 2022 and early 2023, and what we should do to best increase our net revenue as an industry. "Don't be afraid to let your feed conversions escalate a little bit because that will make you more money which is a major part of sustainability within our industry." - Joe Kerns 𝗪𝗵𝗮𝘁 𝘆𝗼𝘂 𝘄𝗶𝗹𝗹 𝗹𝗲𝗮𝗿𝗻: 1. Grain prices and where we’re headed 2. Economic use of soybeans 3. Pig reports today 4. Predicting late 2022 pig prices 5. Risk management 6. The future of pork cutouts 7. Price discovery in the industry 8. Key metrics of success 𝗠𝗲𝗲𝘁 𝘁𝗵𝗲 𝗴𝘂𝗲𝘀𝘁: Joseph Kerns, President of Partners for Production Agriculture, has thirty years’ experience working with producers, suppliers, and mills to support agricultural operations. He and his team assist clients with procurement and risk management activities related to hedging, ingredient purchase, optimizing relationships with mills, developing programs to assist in feed quality control, cost effective diet formulation, operational benchmarking, livestock marketing, generational transition, and business development. Prior to this consulting venture, he directed risk management activities for industry leaders such as ADM, Premium Standard Farms, Continental Grain, and Iowa Select Farms. 𝗟𝗶𝘀𝘁𝗲𝗻 𝗼𝗻 𝗔𝗽𝗽𝗹𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀, 𝗦𝗽𝗼𝘁𝗶𝗳𝘆 𝗼𝗿 𝗮𝗻𝘆 𝗺𝗮𝗷𝗼𝗿 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺. The Swine it Podcast Show is trusted and supported by innovative companies like: - Zinpro (https://zinpro.com/) - Gestal (http://jygatech.com/) - AB Vista (https://www.abvista.com/) - Adisseo (http://www.adisseo.com/) - Genesus (https://www.genesus.com/) - Evonik (https://animal-nutrition.evonik.com/en/species/swine/) Give us a Rating & Review - http://getpodcast.reviews/id/1460280128