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USDA: ERS Feb 11, 2010

Indiana’s Agricultural Outlook 2010? Chris Hurt hurtc@purdue.edu Purdue University April 13, 2010. USDA: ERS Feb 11, 2010. Adequate Old Crop Stocks Planted Acres up 2.3 Million = 88.8 Million With Normal Yields-Adequate Inventory for 2010/11

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USDA: ERS Feb 11, 2010

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  1. Indiana’s Agricultural Outlook 2010?Chris Hurt hurtc@purdue.eduPurdue UniversityApril 13, 2010 Department of Agricultural Economics Purdue University

  2. Department of Agricultural Economics Purdue University

  3. USDA: ERS Feb 11, 2010 Department of Agricultural Economics Purdue University

  4. Adequate Old Crop Stocks • Planted Acres up 2.3 Million = 88.8 Million • With Normal Yields-Adequate Inventory for 2010/11 • Lower Yields and/or stronger Usage needed to substantially Raise Prices Department of Agricultural Economics Purdue University

  5. USDA January 2010 Department of Agricultural Economics Purdue University

  6. Department of Agricultural Economics Purdue University

  7. Department of Agricultural Economics Purdue University

  8. Department of Agricultural Economics Purdue University

  9. Department of Agricultural Economics Purdue University

  10. Department of Agricultural Economics Purdue University

  11. BioFuels Production Department of Agricultural Economics Purdue University

  12. Department of Agricultural Economics Purdue University

  13. Department of Agricultural Economics Purdue University

  14. Department of Agricultural Economics Purdue University

  15. July Department of Agricultural Economics Purdue University

  16. December Department of Agricultural Economics Purdue University

  17. Tight Old Crop Stocks • Aggressive Buying by China • Huge South American Crop • Large World Stocks • More U.S. Acres 647,000 to record high levels Department of Agricultural Economics Purdue University

  18. Department of Agricultural Economics Purdue University

  19. Department of Agricultural Economics Purdue University

  20. Department of Agricultural Economics Purdue University

  21. Department of Agricultural Economics Purdue University

  22. July Department of Agricultural Economics Purdue University

  23. November Department of Agricultural Economics Purdue University

  24. U.S Stocks Very High • World stocks in surplus as well • Much less acres in the U.S. • Lowest Indiana Acres on RECORD • Prices in the low $4.00 to $4.50 for Indiana Department of Agricultural Economics Purdue University

  25. Department of Agricultural Economics Purdue University

  26. Department of Agricultural Economics Purdue University

  27. July Department of Agricultural Economics Purdue University

  28. Animal Agriculture Department of Agricultural Economics Purdue University

  29. Department of Agricultural Economics Purdue University

  30. -4% +3% -11% -8% Department of Agricultural Economics Purdue University

  31. Choice Steer Prices and Per Capita Supplies Department of Agricultural Economics Purdue University

  32. Department of Agricultural Economics Purdue University

  33. Per Capita Supply & Live Hog Prices Department of Agricultural Economics Purdue University

  34. Department of Agricultural Economics Purdue University

  35. Department of Agricultural Economics Purdue University

  36. USDA: ERS Department of Agricultural Economics Purdue University

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