The Intersection of Agriculture and Economic Development: A Macroeconomic Outlook
In a recent webinar, Nate Kauffman, senior vice president and Omaha branch executive at the Federal Reserve Bank of Kansas City, discussed the relationship between agriculture and broader economic development.
The relationship between interest rates, inflation, commodity prices, farm income, export activity and land values has shaped the economic landscape for agricultural producers. Understanding these macroeconomic trends can help you navigate the challenges and opportunities in your business.
Click here to watch the webinar.
Q2 USDA Hogs and Pigs Report Analysis
The Quarterly USDA Hogs and Pigs report was released last week and Dr. Steve Meyer, lead economist, Partners for Production Agriculture, and Dr. Tyler Cozzens, agricultural economist, Livestock Marketing Information Center, discussed the report and what it means for producers.
Key Takeaways:
➡️ All hogs and pigs were 72.4 million head, slightly up from last year but down 1% from the March 1 inventory
➡️ Breeding inventory was 6.15 million head, slightly down from last year but up 1% from March 1 inventory
➡️ Market hog inventory was 66.2 million head, slightly up from last year but down 1% from March 1 inventory
➡️ 3 key issues driving pork markets: Proposition 12, declining pork demand and rising production costs
Learn more about the Hogs and Pigs Report.
🐷 Pig Out on the Big Pig Breakfast Sandwich
Introducing the ultimate breakfast indulgence: the Big Pig sandwich! Head to your nearest EG America Banner convenience store this summer and treat yourself to a pork-lover’s dream. Packed with over 6 ounces of pure pork goodness, including 1 sausage patty, 2 slices of ham and 4 slices of bacon!
This mouthwatering sandwich was created out of NPB’s partnership with EG America, the 4th largest convenience store operator in the U.S. with 1,702 stores in 30 states. The Big Pig first hit menus in 2020, with 300,000 sandwiches sold in 4 months. The pandemic and supply chain issues hindered full-time availability, so we’re thrilled to announce its return as a limited-time offer (LTO) with the goal of making it a permanent menu item.
But there’s more to this partnership than just a tasty sandwich. The Pork Checkoff funds invested in this promotion circulate back into local convenience stores.
Indulge in the delicious sandwich and help turn this limited-time offer into a menu staple! Head to your nearest EG America Banner Store today and experience the porky perfection of the Big Pig sandwich.
Look for a location near you! Snap a pic of your sandwich and tag @NationalPorkBoard on Instagram. #realpork
In the News
Elevate your pork-eating experience by mastering proper cooking temperatures. Now is the perfect time to brush up on these essential guidelines, guaranteeing juicier, more flavorful, and tender results.
Jim Murray, NPB, channel market development manager, shares expert tips on enhancing your culinary adventures with pork, emphasizing the use of a meat thermometer for precision and ensuring optimal food safety throughout the handling and cooking process.
Read more about cooking pork at home.
Your Thoughts Matter
Enjoying our content? We’d love to hear your thoughts to improve.
Email us to share your feedback
If our content resonates with you, feel free to share this email with others who might be interested. Forward this email to a friend!
Related News
Building U.S. Domestic Pork Volume and Value * | National Hog Farmer
Feed Biosecurity Measures to Mitigate Possible Viral Exposure*| Popular Pig Podcast
Looking at the Loin Differently* | Farm Journal’s PORK
Pork Producers Keep Making Leaps, Bounds in Sustainability, Efficiency* | National Hog Farmer
Upcoming Webinar: Meat & Poultry Labeling – An Introduction to USDA’s Label Approval Requirements, July 12, 2023
* External links to content developed by third parties do not necessarily represent the views of the National Pork Board.
