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Ag Outlook

Ag Outlook. Hills Bank 2017 Ag Outlook Riverside, Iowa Mar. 9, 2017 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB 2013-16, USDA-OCE 2017. U.S. Soybean Supply and Use.

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Ag Outlook

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  1. Ag Outlook Hills Bank 2017 Ag Outlook Riverside, Iowa Mar. 9, 2017 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB 2013-16, USDA-OCE 2017

  3. U.S. Soybean Supply and Use Source: USDA-WAOB 2013-16, USDA-OCE 2017

  4. Soy Yields Top: 2016 Yield Bottom: Change from last year Units: Bushels/acre Source: USDA-NASS

  5. World Corn Production Source: USDA-WAOB

  6. World Soybean Production Source: USDA-WAOB

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

  8. Change in Corn Export Sales Source: USDA-FAS

  9. Change in Soybean Export Sales Source: USDA-FAS

  10. Corn Grind for Ethanol

  11. Current Corn Futures 4.03 3.95 3.55 Source: CME Group, 3/7/2017

  12. Current Soybean Futures 10.00 9.68 9.67 Source: CME Group, 3/7/2017

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

  14. Source: CME Group

  15. U.S. Pork Exports, Jan-Dec 2016 (Volume excluding by-products & variety meats) Source: USDA/ERS

  16. 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

  17. Source: USDA/AMS. * Steve Meyer, EMI.

  18. U.S. Packing Capacity Under Construction Source: Steve Meyer. Published in National Hog Farmer Magazine, July 19, 2016. Source: Seaboard Triumph Foods plans to expand for second shift at Sioux City plant, February 17, 2017

  19. Data Source: USDA/NASS

  20. Data Source: USDA/AMS

  21. Data Source: USDA-AMS Livestock Marketing Information Center

  22. 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

  23. U.S. Beef Exports, Jan-Dec 2016 (Volume excluding by-products & variety meats) Source: USDA/ERS

  24. U.S. Meat Trade Source: USDA-WAOB

  25. Thank you for your time!Any questions?My web site:http://www2.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www2.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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