A producer-directed webcast -- "Rising to the Challenge of Rising Corn Prices: Proactive Options for the Pork Industry" will be presented March 28 from 1 to 4 p.m. 

Presented free by the Minnesota Pork Board and the University of Minnesota Extension, producers may view the webcast from their own computer or at one of many host sites. Pre-registration is not required, although individuals who will attend the seminar at a host site are asked to contact the site coordinator to assure that there's adequate seating available.

Upper Midwest swine diets are primarily soybean meal and corn-based with feed accounting for two-thirds of the cost of raising a pig to market weight. "This webcast provides strategies and information on how farmers can prepare for grain availability issues, manage price volatility, and measures to control production costs," says Mark Whitney, University of Minnesota Extension specialist and program coordinator.

Topics and presenters include:

  • Corn Procurement and Risk Management Strategies by Brian Buhr, University of Minnesota agricultural economist. He will talk about ethanol's impacts on feed costs and pork industry production, economic potential of DDGS in diets, price risk management, and grain procurement and production management strategies to minimize the impacts on profitability.
  • Managing the Cost of Production by Mark Whitney. He will address production and management strategies to minimize the effect of higher feed costs on profitability, including evaluating nutrient levels in diets, alternative ingredients, growth promotants and metabolic partitioners, feed management, genetic merit assessment, health status, and minimizing secondary costs.
  • Evaluating Short- and Long-Term Business Goals by Gary Thome, Farm Business Management Instructor, Riverland Community College. He will discuss the importance of analyzing the production and financial health of the operation, re-establishing business and production goals, and strategies to cope with marginal returns in the near future.

Viewers will be able to submit questions during the Q & A session that follows the presentations.
For more information, contact Whitney at (888) 241-3214 or e-mail whitn007@umn.edu, or contact Trudy Wastweet, Minnesota Pork Board, at (800) 537-7675 or e-mail trudy@mnpork.com.

Instructions to join the webcast are available on MPB's Web site.

Source: University of Minnesota