Pork Producers Advised to Focus on Risk Management

Jan 17, 2022

The Director of Risk Management with HAMS Marketing Services says the need for effective risk management strategies will be especially important as we move into 2022. Despite significant volatility over the course of 2021 due to uncertainty over the pandemic, hog prices were generally quite good but profitability was reduced as a result of record high feed prices.

Tyler Fulton, the Director of Risk Management with HAMS Marketing Services, says amid this continued volatility pork producers will need to focus on risk management.

Clip-Tyler Fulton-HAMS Marketing Services:

It's following a fairly standard plan, doing some incremental sales especially in some of those higher periods of the summer and when the late fall months come available, covering some of those needs depending on where those values start out at. We've got scenarios where summer prices are generally going to be quite favorable.

From a historical standpoint 250 dollars per market hog is attainable right now or very near attainable in forward pricing so that's obviously got some potential. But, by the same token, we're dealing with just exceptionally high corn and soybean and feed ingredient prices. That's really cutting back into the profitability potential.

I think we're going to follow a fairly normal trend where the summer timeframe will be the profitable period but moving into the fourth quarter of 2022, that's where producers are really going to have to buckle down and squeak out those margins if we can find them on the forward and on the feed ingredient pricing opportunities.

Source : Farmscape

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.