Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 3/8/2019
IOWA STATE HOG RETURNS NEGATIVE FOR SIXTH MONTH IN A ROW

Hog production profitability for farrow-to-finish operations in Iowa was negative for the sixth consecutive month in January, according to Iowa State University calculations.  The January metric of financial returns was $-5.87 per head, an improvement from $-28.48 in December. The biggest loss over the last six months was last August at $-40.71.


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U.S. CATTLE, SHEEP, & GOAT INVENTORY

Cattle inventory had some substantial revisions to the beef cow herd numbers in 2018, revising the prior year’s January 1 number by more than 250 thousand head.  The January 1, 2019 figure would have been very similar to a year ago had that revision not taken place, but the final tally indicated beef cows were up 0.9%.  The largest change was made to the calf crop in 2017, which last year was reported to be just over 35 million head.  The 2019 estimate for 2017 was revised upwards by 1.9% to 35.8 million head.  Revisions were also made to the 2018 calf crop decreasing that estimate by abou


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U.S. 2018 LIVESTOCK & POULTRY EXPORTS

December trade data was released on a carcass weight basis by USDA ERS on March 7, wrapping up a positive year for livestock and poultry exports. Beef exports, unsurprisingly led the way up 10.3% on the year, after finding huge success throughout the year.  Over the last 12 months beef exports had 6 months in 2018 with double digit gains, and 10 months of gains over 5%. The U.S. shipped 296 million more pounds worldwide, and 165 million more pounds to South Korea, representing about 56% of the growth in the year over year change.


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