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PREDICTING FEDERALLY INSPECTED HOG SLAUGHTER FROM PREDETERMINED VARIABLES Research Progress Report 3 February 1962 J. H. Stevenson, Agricultural Economics Department One of the most important determinants of the price of hogs and the price of pork products (hams, bellies, etc.) is the number of hogs slaughtered in a given period. All segments of the swine industry are constantly trying to make better estimates of future supplies. Forecasts of hog slaughter are not only a key to predicting hog and pork product prices but are also important to various segments of the industry in establishing requirements to handle the supply (i.e,, meat packing firms in setting "kill rates, " etc.). Importance of Federally Inspected Slaughter The most commonly accepted measure of hog supply is the numer of hogs slaughtered under federal inspection. Any packing plant which ships pork products in interstate commerce must be federally inspected. Obviously, this includes most of the large packing plants. The percentage of hogs slaughtered under federal inspection has been increas -ing very slightly since World War II and now stands at approximately 84 percent (Table I). One of the key reasons for the use of federally inspected hog slaughter as the bench-mark for supply as opposed to commercial slaughter (federally inspected plu s non-federally inspected slaughter) is the rapidity and frequency with which it is reported. Data on federally inspected slaughter are released in weekly and monthly totals and are published very quickly in the weekly Mar-ket News, issued by the Livestock Division of the USDA Agricultural Marketing Service. History of lFederally Inspected Hog "Slaughter Slaughter can be further broken down into barrow and gilt, and sow slaughter. Since World War II, annual hog slaughter has fluctuated with the hog cycles but has shown an increasing trend (Figure 1). At the same time barrow and gilt slaughter has increased slightly faster than total slaughter, and sow slaughter has remained fairly constant. This has occurred because of multiple farrowing practices and hog producers marketing more pigs per sow in the more recent years. Table 1. Comparison of commercial and federally inspected hog slaughter, 1948-1960. Year Commercial slaughter FIS FIS as % of commercial slaughter 1948 ' (00.0) 59, 669 47,615 79.8 1949 64,761 53,032 81.9 1950 69,543 56,964 81.9 1951 76,061 62,054 81.6 1952 77,690 62,451 80.4 1953 66,913 53,813 80.4 1954 64,227 52,894 81.7 1955 74,216 61, 370 82.7 1956 78,513 65,748 83.7 1957 72,595 60,682 83.9 1958 70,965 59,462 83.8 1959 81,582 68, 707 84.2 1960 79,036 66,153 83.7 Source: Livestock and Meat Statistics. PURDUE UNIVERSITY • Agricultural Experiment Station • Lafayette, Indiana
Object Description
Purdue Identification Number | UA14-13-RPR003 |
Title | Research Progress Report, no. 003 (Feb. 1962) |
Title of Issue | Predicting federally inspected hog slaughter from predetermined variables |
Date of Original | 1962 |
Genre | Periodical |
Collection Title | Extension Research Progress Report (Purdue University. Agricultural Extension Service) |
Rights Statement | Copyright Purdue University. All rights reserved. |
Coverage | United States – Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 05/17/2017 |
Digitization Information | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
URI | UA14-13-RPR003.tif |
Description
Title | Page 001 |
Genre | Periodical |
Collection Title | Extension Research Progress Report (Purdue University. Agricultural Extension Service) |
Rights Statement | Copyright Purdue University. All rights reserved. |
Coverage | United States – Indiana |
Type | text |
Format | JP2 |
Language | eng |
Transcript | PREDICTING FEDERALLY INSPECTED HOG SLAUGHTER FROM PREDETERMINED VARIABLES Research Progress Report 3 February 1962 J. H. Stevenson, Agricultural Economics Department One of the most important determinants of the price of hogs and the price of pork products (hams, bellies, etc.) is the number of hogs slaughtered in a given period. All segments of the swine industry are constantly trying to make better estimates of future supplies. Forecasts of hog slaughter are not only a key to predicting hog and pork product prices but are also important to various segments of the industry in establishing requirements to handle the supply (i.e,, meat packing firms in setting "kill rates, " etc.). Importance of Federally Inspected Slaughter The most commonly accepted measure of hog supply is the numer of hogs slaughtered under federal inspection. Any packing plant which ships pork products in interstate commerce must be federally inspected. Obviously, this includes most of the large packing plants. The percentage of hogs slaughtered under federal inspection has been increas -ing very slightly since World War II and now stands at approximately 84 percent (Table I). One of the key reasons for the use of federally inspected hog slaughter as the bench-mark for supply as opposed to commercial slaughter (federally inspected plu s non-federally inspected slaughter) is the rapidity and frequency with which it is reported. Data on federally inspected slaughter are released in weekly and monthly totals and are published very quickly in the weekly Mar-ket News, issued by the Livestock Division of the USDA Agricultural Marketing Service. History of lFederally Inspected Hog "Slaughter Slaughter can be further broken down into barrow and gilt, and sow slaughter. Since World War II, annual hog slaughter has fluctuated with the hog cycles but has shown an increasing trend (Figure 1). At the same time barrow and gilt slaughter has increased slightly faster than total slaughter, and sow slaughter has remained fairly constant. This has occurred because of multiple farrowing practices and hog producers marketing more pigs per sow in the more recent years. Table 1. Comparison of commercial and federally inspected hog slaughter, 1948-1960. Year Commercial slaughter FIS FIS as % of commercial slaughter 1948 ' (00.0) 59, 669 47,615 79.8 1949 64,761 53,032 81.9 1950 69,543 56,964 81.9 1951 76,061 62,054 81.6 1952 77,690 62,451 80.4 1953 66,913 53,813 80.4 1954 64,227 52,894 81.7 1955 74,216 61, 370 82.7 1956 78,513 65,748 83.7 1957 72,595 60,682 83.9 1958 70,965 59,462 83.8 1959 81,582 68, 707 84.2 1960 79,036 66,153 83.7 Source: Livestock and Meat Statistics. PURDUE UNIVERSITY • Agricultural Experiment Station • Lafayette, Indiana |
Repository | Purdue University Libraries |
Digitization Information | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
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