Comparing U.S. and Ontario Costs of Production Shakespeare Swine Seminar Shakespeare, Ontario Sept. 19, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911 1 1

Source: Lee Schulz, ISU Extension

Source: Lee Schulz, ISU Extension

Source: Lee Schulz, ISU Extension

Source: Douglas Richards, OMAFRA

Rough Comparison: Farrow to Wean Sources: ISU and OMAFRA

Rough Comparison: Farrow to Finish Sources: ISU and OMAFRA

Rough Comparison: Wean to Finish Sources: ISU and OMAFRA

Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Projected hog margins are well south of breakeven. Source: ISU Extension

Sept-12 through Jul-13 @ average of $34.64/head Potential losses Sept-12 through Jul-13 @ average of $34.64/head Source: Lee Schulz, ISU Extension

Thank you for your time. Any questions. My web site: http://www. econ Thank you for your time! Any questions? My web site: http://www.econ.iastate.edu/~chart/ Iowa Farm Outlook: http://www.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/