1 / 43

2013 Agricultural Commodity Outlook

2013 Agricultural Commodity Outlook. Iowa Chapter of ASFMRA Annual Meeting Ames, Iowa Feb. 7, 2013 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911. Cattle Crush Margin. The Crush Margin is the return after the feeder steer and corn costs.

jessen
Download Presentation

2013 Agricultural Commodity Outlook

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 2013 Agricultural Commodity Outlook Iowa Chapter of ASFMRA Annual Meeting Ames, Iowa Feb. 7, 2013 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911

  2. Cattle Crush Margin The Crush Margin is the return after the feeder steer and corn costs. Live weight: 1250 pounds Feeder weight: 750 pounds Corn: 50 bushels per head Source: ISU Extension

  3. PERCENT CHANGE DECEMBER 1 HAY STOCKS(2012-2011)

  4. Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Source: ISU Extension

  5. U.S. Meat Production & Prices Source: USDA-WAOB

  6. U.S. Meat TradeMillion Pounds

  7. U.S. Corn Supply and Use Source: USDA-WAOB

  8. U.S. Soybean Supply and Use Source: USDA-WAOB

  9. Prices

  10. Projected Corn Yields Top: 2012 Yield Bottom: Change from 2011 Units: Bushels/acre

  11. Projected Soybean Yields Top: 2012 Yield Bottom: Change from 2011 Units: Bushels/acre

  12. World Corn Production Source: USDA-WAOB

  13. World Soybean Production Source: USDA-WAOB

  14. World Weather Source: USDC and USDA

  15. Corn Export Shifts Source: USDA-FAS

  16. Soy Export Shifts Source: USDA-FAS

  17. Corn Grind for Ethanol

  18. Ethanol Stocks

  19. Fuel Prices

  20. U.S. Blended Gasoline Consumption 7.6 bil. gal. 7.4 bil. gal. Source: DOE-EIA, via USDA-ERS

  21. Current Corn Futures 6.78 5.57 5.37 Source: CME Group, 2/5/2013

  22. Current Soybean Futures 14.18 12.82 12.44 Source: CME Group, 2/5/2013

  23. Total Acreage Shift Source: USDA-NASS

  24. Acreage Shift by Crop Acreage change from 2011 Units: 1,000 acres Source: USDA-NASS

  25. Acreage Shift by State Top: Planted in 2012 Bottom: Change from 2011 Units: 1,000 acres Source: USDA-NASS

  26. Thoughts for 2013 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing • Risk management • Crop insurance • Price protection

  27. Thank you for your time!Any questions?My web site:http://www.econ.iastate.edu/~chart/Iowa Farm Outlook:http://www.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

More Related