{"id":5671,"date":"2008-01-01T01:01:01","date_gmt":"2008-01-01T01:01:01","guid":{"rendered":"http:\/\/export.maxmaziy.php.nixsolutions.com\/?p=4966"},"modified":"2008-01-01T01:01:01","modified_gmt":"2008-01-01T01:01:01","slug":"when-markets-move-to-extremes-fallout-is-assured-and-business-fatalities-become-a-reality","status":"publish","type":"post","link":"http:\/\/prairieswine.com\/rsc\/when-markets-move-to-extremes-fallout-is-assured-and-business-fatalities-become-a-reality\/","title":{"rendered":"When markets move to extremes, fallout is assured and business fatalities become a reality."},"content":{"rendered":"<p>Norlin Gutz has been raising hogs for over 35 years.  &#8220;I was buying pigs on the open market. Whenever my feed distributor had a finishing tloor come open, I would place the pigs, he would get the feed business and 1 could make a little money, That&#8217;s how I got started,&#8221; Gutz explains.  In 2001, Gutz bought a 1,200-sow unit with a nursery and a house north of Albert Gity, IA. It had set empty for three years,&#8221; he notes.  &#8220;Our costs were below the industry<br \/>\naverage. Weaning averages were running at about 9.3 pigs\/litter. Even when costs began escalating, our costs were<br \/>\nstill below $34\/pig. Our facility costs were very low,&#8221; he says. The situation took a bad turn in the summer of 2007, however, as Canadians began sending more pigs to the area and pig prices dropped to about $10.  In late February, Gutz bad 12,000 pigs on feed on sites that were old and not very efficient, but they were all that was available.<br \/>\nIn early March, the local banker that carried the loan asked Gutz to form a liquidation plan. He did. The last sows<br \/>\nfarrowed the first week of lune. The unit closes down a month later.  Worse yet, Gutz is trying to find positions for eight employees &#8211; all hired through the worker exchange program, Gommunicating for Agriculture. &#8220;I don&#8217;t know where the situation in the livestock business will lead. It has upset the whole structure of the industry. A year to 18 months down the road. I think there will be some terrible consequences for jobs that are related to the livestock industry \u2014 especially in Iowa where we are so tied to the livestock industry,&#8221; he says. &#8220;As for my future, we are still sorting that out. I doubt I will be involved with hogs. It would be hard to get involved again once your heart has been broken.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norlin Gutz has been raising hogs for over 35 years. &#8220;I was buying pigs on the open market. Whenever my feed distributor had a finishing tloor come open, I would place the pigs, he would get the feed business and 1 could make a little money, That&#8217;s how I got started,&#8221; Gutz explains. In 2001, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8882,10033,13816,7077,7078,9290,16845,6784,190,583,4663,12670,286,20604,7079,5886,2851,6904,46,124,20007,34,9330,9328,13370,818,13330,10858,2393,18204,12692,14784,324,2025,6357,15459,14,33,16262,9331,4257,20912,104,96,10101,4644,20911,6053,77,2481,7812],"class_list":["post-5671","post","type-post","status-publish","format-standard","hentry","category-economics","tag-al","tag-arc","tag-ass","tag-bad-situation","tag-business-failure","tag-carr","tag-close","tag-cos","tag-cost","tag-costs","tag-don","tag-down","tag-dust","tag-egan","tag-escalating-costs","tag-farrow","tag-fat","tag-fee","tag-feed","tag-finishing","tag-gh","tag-hog","tag-job","tag-jobs","tag-ken","tag-litter","tag-lou","tag-mark","tag-market","tag-more-pig","tag-more-pigs","tag-ness","tag-nursery","tag-operation","tag-outlook","tag-ped","tag-pig","tag-pigs","tag-pl","tag-positions","tag-prices","tag-some","tag-sow","tag-sows","tag-start","tag-summer","tag-t","tag-use","tag-weaning","tag-work","tag-worker"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/5671","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=5671"}],"version-history":[{"count":0,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/5671\/revisions"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=5671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=5671"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=5671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}