Economics

 Industry Partners


Prairie Swine Centre is an affiliate of the University of Saskatchewan


Prairie Swine Centre is grateful for the assistance of the George Morris Centre in developing the economics portion of Pork Insight.

Financial support for the Enterprise Model Project and Pork Insight has been provided by:



Where Does Pork Fit into Today’s Consumer Trends

Posted in: Economics, Pork Insight Articles by PSCI on July 7, 2017 | No Comments

Overall consumption of pork up slightly since 1985, but per capita consumption is actually down. Pork consumption has not kept pace with the rapid growth of poultry. The pork industry is beginning to change and respond to the consumer and deliver the kind of high quality, innovative products they want. This lecture covers emerging demographics in America including the increasing demand for “Natural/Organic” or GMO free foods and how the Pork industry should capitalize on these demands.

Where Does Pork Fit into Today’s Consumer Trends

Canadian Hog Industry: Shifting Balance

Posted in: Economics, Pork Insight Articles by PSCI on July 6, 2017 | No Comments

This presentation looks at global trends in the agricultural industry. World population increase and higher demand for animal products as well as domestic demands and competition is all discussed.

Cdn Hog Industry Competition – K Grier

Hog Hedging Decision Tree

Posted in: Economics, Pork Insight Articles, Production by PSCI on | No Comments

“• The goal is to develop a standard operating procedure for risk management, just like every other aspect of the farm.
• Properly executed risk management will reduce volatility and may also increase average margins. (depending on targets)
• With a systematic approach, the futures market can be your friend, not your enemy.
• Eliminate emotion from hedging decisions.
• By doing nothing, you are continuously speculating on lean hogs.”

Hog Hedging Decision Tree

CANADA-US TRADE: COUNTRY OF ORIGIN LABELLING AND COUNTERVAILS

Posted in: Economics, Pork Insight Articles by PSCI on | No Comments

All countries interact with the global marketplace to a greater or lesser degree and many firms prosper as a result of trade, but this is not the case for all firms in a trading economy. The international marketplace is a very dynamic place and it will always be the case that some firms will find that their international competitiveness is declining.

Country of origin labelling is allowed in the WTO, but there are some constraints on its use. Article IX, Marks of Origin, of the General Agreement on Tariffs and Trade ( 1994) allows imported products to be labelled with specific country of origin at the time of import so long as the marking requirement does not seriously damage the imported products, materially reduce their value, or unreasonably increase their cost. It seems likely that either one or both of the italicized outcomes will be able to be strongly argued at the WTO. Unfortunately, it can only be argued after the fact – after there is evidence that value has been reduced or costs increased. As a result, much of the damage would have already been done as the costs of MCOOL are expected to be much larger for the Canadian livestock industries in the short run than in the long run. The materially reduce value and unreasonably increase their cost criteria have never been tested at the WTO so there are no precedents to assist in determining what the dispute panels would consider as materially or unreasonably. As a result, Canada could well lose the case.

CANADA-US TRADE- COUNTRY OF ORIGIN LABELLING

ADDRESSING VARIATION IN FEED QUALITY: WHAT TO DO WHEN FEED QUALITY DECLINES

Posted in: Economics, Nutrition, Pork Insight Articles by PSCI on July 5, 2017 | No Comments

Variation in ingredient quality has become increasingly important for the pork industry, because minimizing the differences between actual and calculated quality of finished feed helps to achieve a predictable performance. Diets are formulated using least cost diet formulation, and safety margins have been included to guarantee minimum dietary nutrient levels. These margins could be reduced if ingredient quality is monitored properly. Analyses or predictions of nutrients with the greatest impact on diet cost or performance (energy, amino acids) is the most effective way to manage variation in ingredient quality, and will likely provide a high return on investment.

ADDRESSING VARIATION IN FEED QUALITY

The Pork Industry, Production and Financial Models

Posted in: Economics, Pork Insight Articles by PSCI on | No Comments

This presentation discusses issues and challenges to the pork industry focusing on the balancing of costs and benefits.  Limitations of the animals and industry are concerns for this speaker.

The Pork Industry, Production and Financial Models

Focus on Environmental Issues and Challenges

Posted in: Economics, Environment, Pork Insight Articles by PSCI on | No Comments

This presentation outlines manure management, pork supply & demand, welfare, importing & exporting and how these topics relate to environmental impact.

Focus on Enviromental Issues and Challenges

View to the Future Symposium. Issues & Challenges: A Global Perspective

Posted in: Economics, Pork Insight Articles by PSCI on | No Comments

This presentation outlines statistics related to the import and export of pork and how disease affects these trends.

A view to the future symposium

Keeping new diseases out of your farm: The role of the Canadian Swine Health Intelligence Network

Posted in: Economics, Pork Insight Articles, Production by PSCI on June 14, 2017 | No Comments

CSHIN is an industry operated surveillance network: The network has been
set up with producers at all levels of decision-making – they influence responses
and communications. Confidentiality is critical. It responds to diseases that
normally fall through the cracks, common endemic diseases that cost money but
are not the responsibility of any level of government (Brachyspira for instance).
The information from the network is there to help your veterinarian manage
diseases on your farm. The primary role of CSHIN is to help individual veterinarians to reduce the burden of disease (losses of animals and productivity and costs from management of disease) on their clients (the producers) individual farms, by preventing and managing swine diseases.

Keeping New Diseases Out of Your Farm-C Byra

The Face of Jobs and Economic Growth in Canada

Posted in: Economics, Pork Insight Articles by PSCI on June 6, 2017 | No Comments

The majority of this presentation focuses on the importance of branding verified Canadian pork overseas as well as increasing Canada’s export market to countries like Korea and Japan.

Greg Giokas-CPI – The Face of Jobs and Economic Growth in Canada-Nov 2016

 
Slots Master There is no definite strategy or technique that you can use as you play slots