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Ag Markets & Economic Outlook

Join us at the MVTL Agronomy Update Meeting in Ames, Iowa on Feb. 27, 2014, for insights from Chad Hart on U.S. corn and soybean supply and use, world production trends, meat prices, export shifts, crop margins, and market dynamics for 2014 and beyond. Discuss the latest concerns, demand trends, and future acreage allocations, with a focus on soybeans in the short term and corn in the long term. Delve into cattle and hog crush margins, U.S. beef and pork supply & use, national GDP, and interest rates. Find valuable information and resources at our websites!

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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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