Hendricks County, India.-Indiana is the fifth largest state in the United States in terms of pork production. A Husqvarna farmer who works on the executive committee of the US Meat Export Federation says he helps farmers in Indiana in a variety of ways.
“Some 25% to 30% of Indian pork is being exported. So, if we export, about 30% pork, then it is good for the industry [and] We have some market diversification around the world, “said Mark Legan, who also works at the Indiana Pork Producers Association, in an interview with Inside Indiana Business.
He says record meat shipments support Indiana grain farmers.
“Last year a record export price of both beef and pork added about $ 1.64 per bushel to soybeans, about 12.5% of the price could be directly attributed to pork exports,” Legan said.
Corn prices also rose 12%, Legan said.
“These cows and pigs also eat a lot of corn and soybean meal, so when we had a relatively large supply of grain it helped all the farming,” Legan said.
He is closely monitoring the Russia-Ukraine conflict and is most concerned about wheat. Russia and Ukraine are both major exporters of wheat. Together, they represent about 30% of global wheat exports. Wheat prices have risen since the war began.
The conflict is also worrying Legan about the price of fertilizer.
“Even though we are having problems this year, personally, I am worried about what could happen in the next year or two if the infrastructure is destroyed there. I think we’re going to see an increase in costs for a while now, “said Legan.
The post first appeared on 93.1FM WIBC about what Indiana pork producers do for farmers.