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Ag Markets & Economic Outlook

Ag Markets & Economic Outlook. 2014 MVTL Agronomy Update Meeting Ames, Iowa Feb. 27, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB for 2010-13. U.S. Soybean Supply and Use.

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Ag Markets & Economic Outlook

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  1. Ag Markets & Economic Outlook 2014 MVTL Agronomy Update Meeting Ames, Iowa Feb. 27, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB for 2010-13

  3. U.S. Soybean Supply and Use Source: USDA-WAOB for 2010-13

  4. World Corn Production Source: USDA-WAOB

  5. World Soybean Production Source: USDA-WAOB

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

  7. Corn Export Shifts Source: USDA-FAS

  8. Soy Export Shifts Source: USDA-FAS

  9. Corn Grind for Ethanol

  10. 2013/14 Crop Prices

  11. 2014/15 Crop Margins

  12. Crop Thoughts for 2014 and Beyond • Supply/demand concerns • Demand rebounding? Yes, so far, so good • Acreage allocation for 2014: Where do the extra corn acres go? • Markets favoring soybeans in the short term and corn longer term

  13. Source: USDA-NASS

  14. 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

  15. U.S. Beef Supply and Use Source: USDA-WAOB

  16. Source: USDA-NASS

  17. Source: aasv.org

  18. 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

  19. U.S. Pork Supply and Use Source: USDA-WAOB

  20. Crops Livestock

  21. National GDP Source: BEA

  22. Interest Rates Source: FRED

  23. 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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