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Grain Marketing and Risk Management Seminar at Clear Lake Bank & Trust

Join us at the agricultural meeting in Garner, Iowa on Dec. 6, 2012, with expert Chad Hart discussing supply, prices, yields, production, weather, crush margins, meat prices, and more. Explore grain marketing strategies, risk management techniques, and future trends in the industry.

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Grain Marketing and Risk Management Seminar at Clear Lake Bank & Trust

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  1. Drought, Grain Marketing, and Risk Management Clear Lake Bank & Trust Ag. Meeting Garner, Iowa Dec. 6, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911

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

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

  4. Prices

  5. Projected Corn Yields

  6. Projected Soybean Yields

  7. World Corn Production Source: USDA-WAOB

  8. World Soybean Production Source: USDA-WAOB

  9. World Weather Source: USDC and USDA

  10. 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

  11. 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

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

  13. Corn Export Shifts Source: USDA-FAS

  14. Soy Export Shifts Source: USDA-FAS

  15. Corn Grind for Ethanol

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

  17. Current Corn Futures 6.91 6.07 5.63 Source: CME Group, 12/5/2012

  18. Current Soybean Futures 13.92 12.67 12.27 Source: CME Group, 12/5/2012

  19. Early Prices for 2013 Crops

  20. Total Acreage Shift Source: USDA-NASS

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

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

  23. 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

  24. 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/

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