A new Iowa State University financial modeling tool helps swine producers analyze the profitability of feeding programs and make data-driven nutrition decisions.
As feed prices fluctuate, policies change, and production challenges arise, swine producers need new digital tools to make informed, cost-effective decisions. The Swine Applied Innovations Laboratory at Iowa State University, led by David Rosero, is developing innovative solutions in the areas of livability, nutrition, and smart farming.
One of those solutions is Feed4Profit, a publicly available online tool designed to help producers and nutritionists analyze ingredient costs and make informed feeding decisions that can help them maximize profit per pig. Users can design feeding programs with different ingredients, model the performance response of pigs, and compare the forecasted income and feed costs over a 12-month period, based on future price estimates.
Typically, feed accounts for up to 75% of the total cost of producing a pig, making flexible ingredient sourcing and feeding program adjustments critical as input prices fluctuate. Feed4Profit can help producers monitor feed costs and maximize profit throughout the growing and finishing phases.
“This tool can help producers analyze the financial impacts of adjusting feeding programs while still meeting minimum nutritional requirements.”
Seasonal changes in pig performance are one example of how nutritional strategies can impact profitability.
“Nutritionists often talk about the summer carcass weight dip as an opportunity to capture dollars when market prices are typically at their highest,” said Rosero. “This tool can help producers analyze the financial impacts of adjusting feeding programs while still meeting minimum nutritional requirements.”
Currently, the tool has two pre-loaded feeding programs available for comparison, with the ability to customize ingredients, nutrient requirements, and weight ranges for different growing phases. Future updates will allow users to create and save custom diets, expanding the tool’s flexibility and usefulness for individual operations.
For more information or questions about this tool, contact David Rosero at dsrosero@iastate.edu.
Attribution:
Brought to you by U.S. Soy. Fully funded by the Soy Checkoff. Diets and data used for modeling in this tool were published in “Strategic use of soybean meal to prevent carcass weight dip during the summer” in the October 2024 edition of Feedstuffs.
Disclaimer:
The Feed4Profit tool forecasts are provided for informational and educational purposes only and do not constitute financial, marketing, hedging, or risk-management advice. Producers should discuss diet changes with their veterinarian and nutritionist.
