Economic and Marketing Information for Indiana Farmers (Dec. 31, 1956) |
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Economic and Marketing INFORMATION FOR INDIANA FARMERS Boost Your Hog Income by Timely Marketings! by CLIFTON B. COX and PATRICK J. LUBY, Agricultural Economics WflSE PLANNING of when and t» where to market your hogs can spell the difference between profit and loss. The cost-price squeeze emphasizes the need to give special attention. to your marketing program. A few minutes spent in determining where to market and when to market maybe as important as some decisions on how to produce. Too often marketing is overlooked as one of the major keys to profit. What Farmers Have Done During the last eight years, Indiana farmers have grossed $12,000,000 more by marketing their hogs during periods of relatively higher prices than they would have received by following the national marketing pattern tTable 1). Better planned production and marketing programs have resulted in hog producers receiving this extra income. In 1954 and 1955 alone, more timely marketings hrought an additional $7,500,000 to Indiana hog farmers. Thus we need to carefully watch for changing seasonal patterns of hog marketings and prices. Table 1. Added Income to Indiana Hog Producers '?ar '943 '949 '950 '951 '952 '953 '954 '955 Added Income $ 1,835,000 280,000 1,122,000 118,000 838,000 119,000 3,067,000 4,454,000 Tota $12,833,000 . The pattern of Indiana hog market- ln?s is considerably different from that of the rest of the country. (See lgurel.) Indiana farmers sold more J their hogs during March, April, August and September - - usually J F M Figure 1. Notice how Indiana's hog marketing pattern differs from the other 47 states (1952-1955 average). months of higher prices—in each of the eight years than did producers in the other 47 states. But during November, December and January they marketed relatively fewer hogs than farmers in the other states. These w inter months are normally months of very heavy marketings in most other parts of the country. Consequently, prices are usually lower. Earlier Spring Farrowings This added income of Indiana farmers is largely the result of earlier spring farrowings. In 1956, they farrowed almost half of their spring farrowed sows in December, January and February (Figure 2). The other seven largest hog producing states farrowed from 20 to 40 percent of their spring total during the same months. Indiana plus the other seven states accounted for over 70 per cent of the total sows farrowed in the spring of 1956. As a result of earlier spring far- rowings, hog prices now peak earlier in the yeai limn they did previously. From August, 1952 to July, 1956, Indiana prices were more favorable in April, May and June and less favorable in August, September and October than they were from August 1948 to July 1952 (Figure 3). Some of this change is a result of earlier marketings by Indiana hog producers as well as by farmers in many other states. What Can You Do? You should take a look at your hog enterprise to see if changes in timing of your production program will gross you more income. But you must consider costs as well as gross returns. Among the factors which affect costs are equipment and the availability of labor. For example, you may gross more by selling hogs during May. June or July. But in order to do this, your sows must farrow in November, December or January. It may be that equipment or labor required for other INDIANA OHIO MISSOURI WISCONSIN ILLINOIS IOWA MINNESOTA NEBRASKA PERCENT Figure 2. Indiana farmers farrowed more sows in December, January and February of 1956 than did any of the other seven large hog producing states. Note that Indiana produced 49 percent of its spring pigs in these months.
Object Description
Title | Economic and Marketing Information for Indiana Farmers (Dec. 31, 1956) |
Purdue Identification Number | UA14-13-econ195612 |
Date of Original | 1956 |
Publisher | Purdue University. Agricultural Extension Service |
Subjects (LCSH) |
Farm produce--Indiana--Marketing Agriculture--Economic aspects--Indiana |
Genre | Periodical |
Collection Title | Extension Economic & Marketing Information (Purdue University. Agricultural Extension) |
Rights | Copyright Purdue University. All rights reserved. |
Coverage | United States - Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 03/11/2015 |
Digitization Specifications | 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-econ195612.tif |
Description
Title | Economic and Marketing Information for Indiana Farmers (Dec. 31, 1956) |
Purdue Identification Number | UA14-13-econ195612 |
Transcript | Economic and Marketing INFORMATION FOR INDIANA FARMERS Boost Your Hog Income by Timely Marketings! by CLIFTON B. COX and PATRICK J. LUBY, Agricultural Economics WflSE PLANNING of when and t» where to market your hogs can spell the difference between profit and loss. The cost-price squeeze emphasizes the need to give special attention. to your marketing program. A few minutes spent in determining where to market and when to market maybe as important as some decisions on how to produce. Too often marketing is overlooked as one of the major keys to profit. What Farmers Have Done During the last eight years, Indiana farmers have grossed $12,000,000 more by marketing their hogs during periods of relatively higher prices than they would have received by following the national marketing pattern tTable 1). Better planned production and marketing programs have resulted in hog producers receiving this extra income. In 1954 and 1955 alone, more timely marketings hrought an additional $7,500,000 to Indiana hog farmers. Thus we need to carefully watch for changing seasonal patterns of hog marketings and prices. Table 1. Added Income to Indiana Hog Producers '?ar '943 '949 '950 '951 '952 '953 '954 '955 Added Income $ 1,835,000 280,000 1,122,000 118,000 838,000 119,000 3,067,000 4,454,000 Tota $12,833,000 . The pattern of Indiana hog market- ln?s is considerably different from that of the rest of the country. (See lgurel.) Indiana farmers sold more J their hogs during March, April, August and September - - usually J F M Figure 1. Notice how Indiana's hog marketing pattern differs from the other 47 states (1952-1955 average). months of higher prices—in each of the eight years than did producers in the other 47 states. But during November, December and January they marketed relatively fewer hogs than farmers in the other states. These w inter months are normally months of very heavy marketings in most other parts of the country. Consequently, prices are usually lower. Earlier Spring Farrowings This added income of Indiana farmers is largely the result of earlier spring farrowings. In 1956, they farrowed almost half of their spring farrowed sows in December, January and February (Figure 2). The other seven largest hog producing states farrowed from 20 to 40 percent of their spring total during the same months. Indiana plus the other seven states accounted for over 70 per cent of the total sows farrowed in the spring of 1956. As a result of earlier spring far- rowings, hog prices now peak earlier in the yeai limn they did previously. From August, 1952 to July, 1956, Indiana prices were more favorable in April, May and June and less favorable in August, September and October than they were from August 1948 to July 1952 (Figure 3). Some of this change is a result of earlier marketings by Indiana hog producers as well as by farmers in many other states. What Can You Do? You should take a look at your hog enterprise to see if changes in timing of your production program will gross you more income. But you must consider costs as well as gross returns. Among the factors which affect costs are equipment and the availability of labor. For example, you may gross more by selling hogs during May. June or July. But in order to do this, your sows must farrow in November, December or January. It may be that equipment or labor required for other INDIANA OHIO MISSOURI WISCONSIN ILLINOIS IOWA MINNESOTA NEBRASKA PERCENT Figure 2. Indiana farmers farrowed more sows in December, January and February of 1956 than did any of the other seven large hog producing states. Note that Indiana produced 49 percent of its spring pigs in these months. |
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