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Livestock
The declaration of a national emergency on March 13, 2020 by President Donald Trump, and the corresponding state stay-at-home measures, caused significant disruptions in retail food markets. Consumers turned to grocery stores and supermarkets, where the increase in demand, coupled with concerns about future reduced mobility and scarcity, led to a surge in foot traffic and sales.
Read MoreRecent disruptions to economic activity around the world as a result of the Corona virus have served to reemphasize the importance of trade to the U.S. pork industry. Trade in pork products has grown as the U.S. has turned into a pork export powerhouse.
Read MoreRecent trends in feed costs for farrow-to-finish and swine finishing enterprises, and projections for 2020. Feed costs are expected to be similar to that experienced in 2019. However, current projections have a wide band around them.
Read MoreAt the end of 2019, fed cattle prices were $122.00. This increase in fed cattle prices had a large impact on cattle finishing profitability in the fourth quarter of 2019. Moreover, fed cattle prices are predicted to remain strong through at least the second quarter of 2020.
Read MoreCorn prices have been quite volatile in 2019. Corn prices in Indiana were approximately $3.70 per bushel in April, $4.55 in July, and $3.90 in December. Given the uncertainty regarding what gets planted to large amount of acres that were not planted in 2019 (i.e., prevent plant acres), corn prices are likely to also be volatile in 2020.
Read MoreTop Farmer 2020 slidedeck presentation by Chad Hart, Associate Professor of Economics, Iowa State University. Examine the current outlook for corn and soybeans, but also take a longer view of what’s ahead for the U.S. ag economy and the management implications for the next several years.
Read MoreBy Nicole Olynk Widmar | Given the challenging market situation facing dairy producers, the ending stocks for dairy products have been closely monitored and heavily reported on in 2019. September ending stocks (as reported in November) were significantly (159 million pounds on a milk-fat basis) higher for 2019 than they were a year earlier (Sept 2018).
Read MoreChicago Federal Reserve 2019 presentation by James Mintert.
Read MoreUSDA’s October Cattle on Feed report, released on Friday, October 25th, indicated that the nation’s on feed inventory of 11.3 million head was about 1% smaller than a year ago, but still more than 4% larger than two years ago.
Read MoreThis article discussed recent trends in feeding cost of gain, the feeder to fed price ratio, and cattle finishing net returns. Average cattle finishing losses in the first six months of 2019 were $52 per head.
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