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August 1, 2023
General Sessions
Broiler
Data Source: Bureau of Economic Analysis & USDA‐ERS, Compiled by LMIC
Livestock Marketing Information Center
https://fred.stlouisfed.org/series/A084RC1Q027SBEA
Summer 2022, Inflation in U.S. Was Highest in 4 Decades
https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE#
???
Real Wages Are Key
https://fred.stlouisfed.org/series/LES1252881600Q#
https://www.youtube.com/watch?v=fEjc80wWi2g(see ~20 min mark of 8/12/23 USFR segment with Tyne Morgan, Lee Schulz, & Scott Brown)
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
More information available at:
This presentation will be available in PDF format at:
http://www.agmanager.info/about/contributors/individual/tonsor.asp
Host of additional industry resources are cross‐linked as well
47
Dr. GLYNN T. TONSOR
EMAIL: gtonsor@ksu.edu
Twitter: @TonsorGlynn
THE …
August 1, 2023
2023 Risk and Profit Conference Recordings
Broiler
Data Source: Bureau of Economic Analysis & USDA‐ERS, Compiled by LMIC
Livestock Marketing Information Center
https://fred.stlouisfed.org/series/A084RC1Q027SBEA
Summer 2022, Inflation in U.S. Was Highest in 4 Decades
https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE#
???
Real Wages Are Key
https://fred.stlouisfed.org/series/LES1252881600Q#
https://www.youtube.com/watch?v=fEjc80wWi2g(see ~20 min mark of 8/12/23 USFR segment with Tyne Morgan, Lee Schulz, & Scott Brown)
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
https://www.agmanager.info/livestock‐meat/meat‐demand/monthly‐meat‐demand‐monitor‐survey‐data/demand‐update‐and‐role‐financial
More information available at:
This presentation will be available in PDF format at:
http://www.agmanager.info/about/contributors/individual/tonsor.asp
Host of additional industry resources are cross‐linked as well
47
Dr. GLYNN T. TONSOR
EMAIL: gtonsor@ksu.edu
Twitter: @TonsorGlynn
THE …
Breakout Sessions
Market participants read basis relative to
historic levels
–When to market grain (farmers)
–How to price forward contracts (elevators)
• … Is this the case today?
Time Variation
Historical Data 2005‐2012
‐1.40
‐1.20
‐1.00
‐0.80
‐0.60
‐0.40
‐0.20
0.00
0.20
0.40
HR
W
Ba
sis
($
/b
u)
Topeka
FORWARD CONTRACTS
Introduction
• …
May 1, 2014
cowherds
If labor is valued at $8/hr and $16hr
for smallest and largest … Projections
http://www.ers.usda.gov/publications/oce-usda-agricultural-projections.aspx
http://www.fapri.missouri.edu/outreach/publications/2014/FAPRI_MU_Report_02_14.pdf
ERS-2023 Herd Would Be …
Breakout Sessions
Insurance, Vacation, Sick days, Retirement
–How long has the relationship existed?
–Are the services provided a key activity in the
business?
Employee vs. Independent
Contractor
• … www.dol.gov/whd/regs/compliance/whdfs12.pdf
• Wage and Hour Division, Federal DOL
–KC office …
February 27, 2023
Relative to Average Wages ($/hr)
Jan. 2020, 1hr work =
9.1 lbs ham
8.4 … chicken breast
Dec. 2022, 1 hr work =
8.1 lbs ham (-11%)
7.6 … factors
https://www.agmanager.info/livestock-meat/meat-demand/meat-demand-
research-studies/what-has-caused-increase-retail-pork-prices
Agricultural Economics
How is Elevated Inflation Impacting …
September 2, 2022
Ag Law Issues
by the end of 2022 to show how compliance will be measured … Harmonization Act of 2022” (HR7352) establishes a 10-year … Limitations Act of 2022” (HR 7334) gives prosecutors
10 …
July 18, 2012
Energy
http://www.gpo.gov/fdsys/
pkg/BILLS-110hr6enr/pdf/BILLS-110hr6enr.pdf
Biofuels mandates increase …
July 18, 2012
Cash Prices & Marketing Strategies
http://www.gpo.gov/fdsys/
pkg/BILLS-110hr6enr/pdf/BILLS-110hr6enr.pdf
Biofuels mandates increase …
August 2, 2022
Recent Videos, Precision Ag and Technology Podcasts and Videos
influences those issues, and how the SpWx research/forecast … deeper into two topics: (1) “How do
existing systems and … Topic Areas to Consider
How do existing systems and projects …