Latta Harris Hanon & Penningroth L.L.P. (LHHP) has been around since the early 1950\u2019s with approximately 50 full-time equivalent personnel and 50% of their business is agricultural clients. LHHP works with producers and sells over 4,000,000 market hogs per year. With approximately 250 swine producing clients. LHHP provides value-added services emphasized for pork producers. Key factors regarding pork producers profit potential is the herd health, because the highest cost producers have poor herd health. Feed efficiency and feed cost also contribute to producer\u2019s profits. Each 5% increase in feed cost\/lb of feed = $1.14\/cwt. Feed only for need, do not overfeed. Design and adhere to efficient feed budgets. Also purchase feed in a competitive fashion. Producers could also sell at a heavier weights and sell some wean pigs from time-to-time. This should cause a 5% improvement in capacity utilization. Increased sow herd productivity should also increase profit. The producer\u2019s priorities should be getting the right people on the bus, and the wrong ones off. If you are the owner ask yourself if you are the right person? After obtaining the right people, focus on training and development. Also get on top of herd health issues fast; stay on top because all producers have recurring health challenges. Low-cost producers recover much faster. The keys are the quality of vet, personnel and a system that allows adaptations of pig flows. The producer must also use proven bio-security methods. In order to reduce feed costs to the 90th percentile or better you must own your own mill; do a KSU-type analysis; get your key ingredients directly; improve sow herd productivity; have your farm evaluated by two top-flight consulting DVMs, at least once a year. Evaluate genetic performance, sourcing, be willing to change; and overall, get efficient before getting bigger<\/p>\n","protected":false},"excerpt":{"rendered":"
Latta Harris Hanon & Penningroth L.L.P. (LHHP) has been around since the early 1950\u2019s with approximately 50 full-time equivalent personnel and 50% of their business is agricultural clients. LHHP works with producers and sells over 4,000,000 market hogs per year. With approximately 250 swine producing clients. LHHP provides value-added services emphasized for pork producers. Key […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[930],"tags":[5361,8882,3620,5651,9882,5652,2858,3814,6784,190,583,231,19644,23694,527,22809,6904,46,5108,1062,5653,3804,20007,14804,111,26697,3271,4227,2093,2776,5381,10858,14784,13564,63,14,10265,33,16262,1324,17152,3627,17743,1498,3289,1499,95,22172,12242,1533,20912,104,35,20911,3961,6053,10813,1301,2481],"class_list":["post-4124","post","type-post","status-publish","format-standard","hentry","category-production","tag-adaptation","tag-al","tag-benchmark","tag-benchmarking","tag-benchmarks","tag-benefit","tag-capacity","tag-competitive","tag-cos","tag-cost","tag-costs","tag-cover","tag-dd","tag-dir","tag-efficiency","tag-fast","tag-fee","tag-feed","tag-feed-cost","tag-feed-efficiency","tag-gains","tag-genetic","tag-gh","tag-hal","tag-health","tag-heavier-weights","tag-herd-health","tag-income","tag-ingredient","tag-ingredients","tag-light","tag-mark","tag-ness","tag-people","tag-performance","tag-pig","tag-pig-feed-efficiency-benchmark","tag-pigs","tag-pl","tag-pork","tag-pork-producers","tag-potential","tag-prod","tag-productivity","tag-profit","tag-profitability","tag-quality","tag-reduce-feed-cost","tag-service","tag-size","tag-some","tag-sow","tag-swine","tag-t","tag-training","tag-use","tag-wean-pigs","tag-weight","tag-work"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=4124"}],"version-history":[{"count":2,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4124\/revisions"}],"predecessor-version":[{"id":5880,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4124\/revisions\/5880"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=4124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=4124"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=4124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}