1995 Nebraska Swine Enterprise Records Program Results
Summary and Implications
Data from cooperators participating in the Nebraska Swine Enterprise Records and Analysis Program were summarized for the period January to June 1995 and July 1, 1994 to June 30, 1995. Results continue to show significant variability in production and financial parameters among individual swine enterprises. The results indicate that efficient, well managed swine enterprises can be profitable and competitive in a dynamic industry.
Average values of several production and financial parameters for farrow-to-finish, and farrow-to-feeder pig enterprises for the first six months of 1995 are given in Tables 1 and 2. Also included in the far right column of each table is annual data from July 1, 1994 through June 30, 1995. In addition to the overall averages for each enterprise type, averages for the high 1/3 profit group and low 1/3 profit group are listed for the farrow-to-finish and farrow-to-feeder pig enterprises for the January through June 1995 time period.
Table 1. Selected items for farrow-to-finish enterprises.
|
Item |
Average |
High 1/3 Profit |
Low 1/3 Profit |
July 1, 1994 to June 30, 1995 |
|---|---|---|---|---|
|
Number of farms |
37 |
12 |
12 |
20 |
|
Profit/cwt pork produced |
$4.75 |
$11.32 |
-$2.07 |
-$1.22 |
|
Total cost/cwt pork produced |
$40.99 |
$36.63 |
$44.20 |
$39.69 |
|
Total variable cost/cwt pork produced |
$35.76 |
$33.24 |
$38.46 |
$35.52 |
|
Fixed cost/cwt of pork produced |
$5.24 |
$3.39 |
$5.74 |
$4.17 |
|
Total feed expense/cwt pork produced |
$24.27 |
$23.12 |
$25.47 |
$24.05 |
|
Average cost of diets/cwt |
$6.61 |
$6.38 |
$6.79 |
$6.44 |
|
Feed/cwt pork produced, lb |
368 |
362 |
377 |
373 |
|
Pigs weaned/female/year, no. |
17.90 |
18.30 |
16.3 |
17.60 |
|
Pigs weaned/crate/year, no. |
78.40 |
81.30 |
79.20 |
76.60 |
Table 2. Selected items for farrow-to-feeder pig enterprises.
|
Item |
Average |
High 1/3 Profit |
Low 1/3 Profit |
July 1, 1994 to June 30, 1995 |
|---|---|---|---|---|
|
Number of farms |
11 |
4 |
4 |
8 |
|
Profit/cwt pork produced |
$2.61 |
$13.38 |
-$7.55 |
-$10.24 |
|
Total cost/cwt pork produced |
$63.16 |
$60.39 |
$64.87 |
$66.56 |
|
Total variable cost/cwt pork produced |
$53.16 |
$51.32 |
$55.44 |
$54.56 |
|
Fixed cost/cwt of pork produced |
$10.00 |
$9.07 |
$9.43 |
$12.00 |
|
Total feed expense/cwt pork produced |
$30.80 |
$27.05 |
$34.41 |
$30.64 |
|
Average cost of diets/cwt |
$7.91 |
$7.61 |
$8.20 |
$8.34 |
|
Feed/cwt pork produced, lb |
389 |
357 |
419 |
368 |
|
Pigs weaned/female/year, no. |
17.20 |
18.70 |
15.30 |
18.20 |
|
Pigs weaned/crate/year, no. |
89.60 |
98.50 |
81.00 |
100.30 |
|
Average weight of feeder pig sold, lb |
50.20 |
53.90 |
46.50 |
49.80 |
The high 1/3 profit producers reported feed costs of $23.12/cwt of pork produced and the low 1/3 profit producers reported feed costs of $25.47/cwt of pork produced, respectively. This resulted in a $2.35/cwt of pork produced advantage for the high profit group. To accomplish this the high profit group had a lower diet cost ($6.38/ cwt vs $6.79/cwt of ingredients) and a better feed efficiency (362 vs 377 lb of feed/cwt of pork produced) than the low profit group. Similar increased reproductive efficiencies were reported in pigs weaned per female per year (18.3 vs 16.3 for the high and low profit group, respectively). Corn was valued at $2.37/bu for the first six months of 1995 and $2.24/bu for the 12-month period ending in June 1995.
With constant change in the swine industry, pork producers will have to continually strive to improve their enterprises. Producers will need to identify their strengths and weaknesses and then determine the opportunities and threats for their individual swine enterprise. To accomplish this, producers should begin with an accurate record system and a set of written goals to help lay the path for the future.
________________
Dale Kabes is swine records coordinator, Michael Brumm is Professor in the Animal Science Department, and Larry Bitney is Professor in Agricultural Economics.