Joe Kerns: Hog and grain prices and the future of their economics

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.

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.