U.S. Corn Exports Off to A Weak Start
While the volume of corn exported is much smaller than that used for domestic livestock feeding or for ethanol production, exports remain an important usage category for U.S. corn. Over the last five years U.S. corn exports have accounted for an average of 16% of total U.S. corn usage, ranging from a high of 19% in the 2020 crop year to a low of 13% in the 2019 crop year.
Read MoreRiver Levels and Barge Rates Impacting Corn and Soybean Basis
Crop basis levels in many areas have been on a wild ride this fall. Several related factors have contributed to large swings in basis. Most notably, dry conditions in many areas have caused Mississippi River levels to drop.
Read MoreTax Planning & Working Capital in a Strong Income Year
For many crop and livestock producers, 2021 and 2022 have been relatively strong net farm income years. Therefore, tax planning strategies will be relatively important. Purdue agricultural economists Brady Brewer and Michael Langemeier discuss strategies that maintain working capital in this episode of the Purdue Commercial AgCast.
Read MoreNovember Corn & Soybean Outlook Update
Recorded November 11 | Purdue ag economists discussed USDA’s November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.
Read MoreFeed Cost Indices for Laying Hens in 2023
This article discussed recent trends in feed costs for laying hens. Current projections suggest that feed costs for 2023 will be slightly lower than those experienced in 2022.
Read MoreProspects for Swine Feed Costs in 2023
Corn prices are 25% higher and soybean meal prices are 1% higher. Given that many of the supply and demand factors impacting the 2022 crop are going to persist way into 2023, what are the prospects for feed costs for farrow-to-finish and swine finishing production in the upcoming year?
Read MoreU.S. Farm Sector Financial Performance
Metrics that can be used to measure farm profitability include earnings before interest, taxes, and amortization (EBITA), net farm income, the operating profit margin ratio, return on assets, and return on equity. Each of these measures has its advantages and disadvantages. This article examines trends in net farm income and return on assets and its components for the U.S. farm sector.
Read MoreAg Economy Barometer Declines Again, Producers Express Concern About Interest Rate Policy
Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down 10 points compared to a month earlier. This month’s survey was conducted from October 10-14, 2022.
Read MoreOctober Corn & Soybean Outlook Update
Recorded October 14 | Purdue ag economists discussed USDA’s October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports and the current corn and soybean outlook.
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