Iowa Pork Congress Report
Last week we attended the Iowa Pork Congress. Iowa is the home of about 25% of the United States hog production.
Our Report
* The Iowa Pork Congress did not seem to have the attendance of prior years. Bad weather north of Des Moines and the economic travails our industry has faced were two factors that in our opinion cut back attendance. As usual, Doug Fricke and other Iowa Pork Congress organizers did a good job organizing a first class trade show in an excellent venue.
* Like Banff seminars the week before, we would characterize the attendees we talked to as cautiously optimistic. One caviat to this observation is that in all likelihood only the positives are attending hog shows. The negative stay home. We heard of pork powerhouses restricting travel to the Iowa Pork Congress and other industry functions due to budget (cash) restraints.
* Several people were quite conscious of the dropping lean hog price and pork cut – outs last week. This makes everyone nervous. The plus side for many is the large decrease of 60 – 70 cents a bushel we have seen in corn the last two weeks is lowering breakevens.
* It was interesting that several people came up to us and thanked us for finding optimistic items that gave them hope for themselves and our industry. On the flip side, most of the same people were complimentary of our holding the non skin in the game economists feet to the fire for their mocking insensitivity to the plight of producers.
* Pig supply is dropping. There is lots of searching for large numbers of early weans and feeder pigs. Finishing barns are available, but even with tight credit demand for small pigs is still strong.
* In the Swine Genetic business last week the big story was the complete takeover of Newsham Choice Genetics by the French company Groupe Grimoud. Gone as shareholders are Bucolia of the Netherlands, the Mitchell family and some of Newsham’s employees. This will be the French companies Groupe Grimoud first complete foray in swine genetics. They have a lot of experience in ducks, poultry, and rabbits. The acquisition by Newsham of Monsanto Choice Genetics in the fall of 2007 just before the market collapse was not the best timing. Maybe it’s called biting off more than you can chew. There has been many casualties in our industry over the last two years. Now with PIC, Newsham, Danbred, Hermitage, Hypor, Topigs, Norsvin, all European based and owned companies there are few America’s situated and owned swine genetic companies left. In the end the range war in genetics will not be decided by ownership origin but who delivers the best product to the customers. Game on!
Pork demand gets Major Boost
Below, please read the extraordinary technical and marketing breakthrough that President Cristina Fernandez de Kirchner of Argentina attributes to pork.
Back to Pork improves sex life, says Argentine leader
Pork improves sex life, says Argentine leader
January 29, 2010
Eduardo di Baia
BUENOS AIRES-Argentina’s president thinks eating pig meat is really sexy.
Many people in this beef-loving nation reacted with surprise Thursday after Cristina Fernandez de Kirchner promoted pork in a speech during which she not only said pork is better than Viagra, but suggested she’s personally proven it.
“I didn’t know that eating pork improved sexual activity,” Fernandez de Kirchner said in a meeting with representatives of the swine industry late Wednesday. “It is much more gratifying to eat some grilled pork than to take Viagra.”
She even joked that “it was all good” after she enjoyed some pork with her husband, former president Nestor Kirchner.
“I think they might be right,” Fernandez de Kirchner said to a laughing audience.
The president’s half-joking speech in which she announced subsidies for the pork industry won prominent play on television and radio stations, prompting discussions on whether Argentines should add more pork to their diet.
Argentines are among the world’s biggest consumers of red meat, and most people here stubbornly reject the idea of replacing beef with chicken, pork or other meats. Despite Argentina lying along rich South Atlantic fisheries, seafood is rarely seen on dinner tables.
Fernandez de Kirchner approved subsidies to keep the price of pork low despite inflation, and her government has also recently subsidized red-meat producers after beef supplies sharply declined in the South American country.
The head of the association of pork producers, Juan Luis Uccelli, supported Fernandez de Kirchner’s speech by saying that Denmark and Japan have a much more “harmonious” sexual life then the Argentines because they eat a lot of pig meat.
“In Osaka, Japan, there is a village in which the people who reached 105 years old and ate a lot of pork had a lot of sexual activity,” he told Radio Mitre.
Other were skepticals.
One Million Gilt Celebration
Genesus wants to thank the scores of customers, producers, equipment, and feed people, packers, and even our genetic competitors who joined Genesus last Wednesday night in our celebration of reaching the magical milestone of Genesus placing our one millionth gilt globally. It’s greatly appreciated that so many people took the time, and made the effort to help us celebrate. Most importantly we must acknowledge our customers. They are the backbone of Genesus’ accomplishment of reaching one million gilts. We have always believed if we look after our customers by giving them value the rest will follow. We give one million thank yous to our customers.
Genesus team at One Million Gilt Celebration with winners of Iowa State and University of Iowa raffle jackets
Categorised in: Pork Commentary
This post was written by Genesus