You may not be as financially efficient in pig production as you once thought - Dr. Glynn Tonsor

covid-19 disease challenge economics hog prices pork swine industry Nov 08, 2021

Hi there- Any good swine professional knows that they are not only that, but also an economist. Optimizing cost efficiency is the overall goal of a swine production facility, and with the unpredictable markets we have today with covid, we need to be aware of how best to maximize our net profits for our facility. In today’s talk Dr. Greiner chats with Dr. Glynn Tonsor on how the swine markets have changed, and potentially will change in the future, in regards to supply and demand and price fluctuations with the current pandemic. 


What you will learn:


1. Current supply and demand of pork


2. Where we are with the pandemic


3. Changes in hog prices relative to import prices


4. Tips to manage fluctuations in production costs


5. Commodity markets


6. Disease impact on prices


7. Resources for producers


8. Key points 


Meet the guest: Dr. Glynn Tonsor joined the K-State Agricultural Economics faculty as an Assistant Professor in March 2010. He obtained his Ph.D. from K-State in 2006 and was an Assistant Professor in the Dept. of Agricultural, Food, and Resource Economics at Michigan State University from May 2006 to March 2010. Tonsor’s current efforts are primarily devoted to a range of integrated research and extension activities with particular focus on the cattle/beef and swine/pork industries. His broader interests cover aspects throughout the meat supply chain ranging from production level supply issues to end-user consumer demand issues. Dr. Tonsor has over 100 peer-reviewed publications, provided over 240 presentations to an in-person audience exceeding 27,000 attendees, conducted numerous educational webinars, and written a multitude of non-technical publications. He has testified to both state and federal governmental bodies. In addition to engaging many agricultural media outlets, Tonsor has been interviewed or been cited by broader outlets including the CBS Evening News, BBC News, Economist magazine, Time magazine, Wall Street Journal, and the U.S. Farm Report.