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Displaying 4541 - 4550 of 5631
Detailed Cost-Farm Type
Acre
Crop
Acre
Crop
Total
Livestock
TotalTotal Costs*
Non-Cash … Marketing-Breeding 966
9181545857Livestock Supplies 918
Total Lvstk … Acre
Crop
Acre
Crop
Total
Livestock
TotalTotal Costs*
Non-Cash …
Detailed Cost-Farm Type
Acre
Crop
Acre
Crop
Total
Livestock
TotalTotal Costs*
Non-Cash … Marketing-Breeding 1,057
1,3031,303Livestock Supplies 1,303
Total Lvstk … Acre
Crop
Acre
Crop
Total
Livestock
TotalTotal Costs*
Non-Cash …
Summary Book - All Counties
GRAPHS……………………………………… … 43 - 44
LIVESTOCK PROFIT CENTER…………………...…………………………… … FINISH………………………………………………...…… … 52
LIVESTOCK RETURNS GRAPHS……………………………………………… … payments declined 24% and livestock gross
income increased by …
Summary Book - All Counties
amp; Management $ -60,985
Livestock Value Produced $ 32,074
Value … 867
Poultry and Eggs5
Other Livestock/Hedging6 982
Custom Feeding7 … 494
Feed Purchased8 -12,021
Livestock Value Produced9 $32,074
Corn10 …
Detailed Cost-Summary
EXP. LIVESTOCK _____________CROPS … 1,943 1,943
LIVESTOCK SUPPLIES … EXP. LIVESTOCK _____________CROPS …
Detailed Cost-Farm Type
EXP. LIVESTOCK _____________CROPS … 1,943 1,943
LIVESTOCK SUPPLIES … EXP. LIVESTOCK _____________CROPS …
Detailed Cost - Farm Type
LIVESTOCK _______________CROPS … 2194.43 2194.43
LIVESTOCK SUPPLIES … LIVESTOCK _______________CROPS …
Annual Book
percent, from 2005. Income from livestock enterprises and government … Accrual Income
Crop and livestock income values are computed … Income for all crop and livestock items reported in this publication …
June 14, 2018
Grain Market Outlook
The USDA released their wheat production, supply‐demand and price projections for the U.S. for “new
crop” MY 2017/18 in the June 12th Crop Production & WASDE reports (Tables 1a‐b).
U.S. wheat plantings are forecast to be 47.339 million acres (ma) in 2018, up from the record low of 46.012
ma in 2017, but down from 50.119 ma in 2016 (Table 1, Figure 5). Harvested acres are forecast at 38.9 ma in
2018 (82.3% harvested‐to‐planted), up from the record low of 37.586 ma (81.7% harvested‐to‐planted) in
2017, but down from 43.850 ma in 2016 (87.5% harvested‐to‐planted) (Table 1, Figure 5). The 2018 U.S.
average wheat yield is estimated at 46.9 bu/ac, up from 46.3 bu/ac in 2017, but down from the 2016 record
high of 52.7 bu/acre (Table 1, Figure 6).
Wheat production in the U.S. in 2018 is forecast to be 1.827 billion bushels (bb), up from 1.741 bb in 2017,
but down from 2.309 bb in 2016. Projected “new crop” MY 2018/19 total supplies are forecast at 3.043 bb,
down from 3.076 bb in “old crop” MY 2017/18, and down from 3.402 bb in MY 2016/17 (Table 1, Figure 7).
U.S. Wheat total use of 2.097 bb is forecast for “new crop” MY 2018/19, up from 1.996 bb in “old crop” MY
2017/18, and from 2.222 bb in MY 2016/17 (Table 1, Figure 8). By usage category, U.S. wheat exports are
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projected to be 950 mb in “new crop” MY 2018/19, up from 900 mb in “old crop” MY 2017/18, while being
down from 1.055 bb in MY 2016/17 (Table 1, Figures 9 & 10).
CommentaryKSU: U.S. wheat exports fell to 47 year lows of 778 mb and 864 mb in MY 2015/16 and MY
2014/15, respectively, to levels just marginally above those pre‐“Russian Grain Deal” in 1972. This is more
evidence of the only marginally competitive position that U.S. wheat exports find themselves in among foreign
export competitors I recent years.
Food Use of U.S. wheat is projected to be 965 million bushels (mb) in “new crop” MY 2018/19, up
marginally from 963 mb in “old crop” MY 2017/18, and trending higher from 943 mb in MY 2016/17 (Table 1,
Figure 8). Feed & Residual Use of U.S. wheat is projected to be 120 mb in “new crop” MY 2018/19, up from 70
mb in “old crop” MY 2017/18, and from 156 mb in MY 2016/17 (Table 1, Figure 8). CommentaryKSU: With the
USDA’s forecast of tighter U.S. corn and total feedgrain supplies along with higher feedgrain prices, the USDA is
anticipating that feeding wheat to livestock will become more economically viable.
The USDA projected “new crop” MY 2018/19 ending stocks to be 946 mb (45.1% Stocks/Use), down from
1.080 bb in “old crop” MY 2017/18 (54.1% stocks/use), and 1.181 bb in MY 2016/17 (53.15% stocks/use)
(Table 1, Figures 11 & 12). CommentaryKSU: The anticipation of markedly lower U.S. 2018 HRW wheat
production is having the end effect on U.S. wheat supply‐demand balances of dropping ending stocks below
1.00 bb and ending stocks‐to‐use below 50%. To move ending stocks and % stocks‐to‐use much lower, it may be
necessary to sharply increase U.S. wheat exports and total usage.
United States’ wheat prices are projected to average $5.10 /bu in “new crop” MY 2018/19, up from $4.75
/bu in “old crop” MY 2017/18, from $3.89 in MY 2016/17, and $4.89 /bu in MY 2015/16, but still down from
$5.99 /bu in MY 2014/15 (Table 1, Figures 11 & 12). It is estimated by KSU that these USDA projections for
“new crop” MY 2018/19 have a 60% probability of occurring.
F. Three Alternative KSU U.S. Wheat S/D Forecast for “New Crop” MY 2018/19 …
July 27, 2020
Monthly Meat Demand Monitor (Prior Years)