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Current Feed Situation and Outlook

Current Feed Situation and Outlook. Iowa Egg Industry Symposium Ames, Iowa Nov. 7, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB. U.S. Soybean Supply and Use. Source: USDA-WAOB.

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Current Feed Situation and Outlook

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  1. Current Feed Situation and Outlook Iowa Egg Industry Symposium Ames, Iowa Nov. 7, 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. U.S. Soybean Meal Supply and Use Source: USDA-WAOB

  5. Price Ratios Since May 1

  6. Projected Corn Yields

  7. Objective Corn Yield Data Source: USDA-NASS

  8. Projected Soybean Yields

  9. Objective Soybean Yield Data Source: USDA-NASS

  10. World Corn Production Source: USDA-WAOB

  11. World Soybean Production Source: USDA-WAOB

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

  13. Corn Export Shifts Source: USDA-FAS

  14. Soy Export Shifts Source: USDA-FAS

  15. Soy Meal Export Shifts Source: USDA-FAS

  16. Corn Grind for Ethanol

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

  18. Current Corn Futures 6.87 5.99 5.63 Source: CME Group, 11/6/2012

  19. Current Soybean Futures 14.11 12.81 12.38 Source: CME Group, 11/6/2012

  20. Total Acreage Shift Source: USDA-NASS

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

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

  23. Thoughts for 2012 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing

  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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