What are market options in Mississippi?
Changes in the pork markets in Mississippi over the last several years:
Previously, feeder pig associations provided a market in several locations throughout the state for co-mingled feeder pigs. Changes in the demand for these pigs resulted in the closure of all of the feeder pig association sales.
Farm to farm sales are still an option for some producers. This is normally a verbal agreement between the feeder pig producer and a pig finisher.
Local Livestock Auction barns provide a market for pigs in various locations throughout the state. These markets are variable and may not provide a long-term demand for pigs.
Early Wean (pigs less than 21 days of age) marketing contracts. There are a few marketing agreements offered to pork producers in Mississippi. Each of these have different requirements and obligations. A review of three separate marketing agreements for early-weaned pigs is being conducted at this time.
There is a large pork processor located in West Point, Mississippi. Pigs can be sold on a live weight basis or on a carcass merit basis.
Throughout the state, there are several custom meat processors that purchase finished pigs. Depending upon your location and volume of production, these may be a good market.
For small-scale production, local selling of pigs for home consumption provides a means of marketing finished pigs.
Local Livestock Auctions in various areas of the state sell finished pigs on a weekly basis.
Agricultural clients met with Mississippi State University personnel to discuss research and education needs during the annual Producer Advisory Council Meeting for the southwest region February 20.
STARKVILLE, Miss. -- Low feed costs and steady demand are keeping the playing field level for Mississippi swine producers, but the bottom line at year’s end will be down from 2014 totals.
Mississippi’s value of production for hogs was $153 million last year. No estimates are available for 2015, but hog prices have been much lower than they were in 2014, while hog numbers were higher at the first of the year.
STARKVILLE, Miss. -- Specialty markets in pork production are cropping up across the U.S. in response to a growing interest in pasture-raised pigs.
Before the 1960s, most U.S. pork was raised in outside lots or on pasture systems. Commercial pork production today generally relies on large warehouse-like buildings or barns that house sows and pigs in stalls or pens.
MISSISSIPPI STATE -- Despite low prices for many commodities, the overall projected totals for Mississippi’s crop values should top $7 billion for the third straight year and essentially match the record set in 2013.
John Michael Riley, agricultural economist with the Mississippi State University Extension Service, said his preliminary estimate of 2014’s agricultural production values, excluding government payments, is over $7.7 billion.
MISSISSIPPI STATE -- Cattle and hog prices are soaring to record highs, causing producers to debate whether to sell their valuable animals or expand their herd sizes for the future.
“It’s hard not to sell when prices are this good and the pull of the feedlot is so strong,” said John Michael Riley, an agricultural economist with the Mississippi State University Extension Service.
As producers continue to reduce herd sizes nationally, prices should remain strong, but the result will be fewer animals available to sell in the future.