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August 21, 2014
Compiled and Analysis by LMIC
Livestock Marketing Information Center
National … Compiled & Analysis by LMIC
Livestock Marketing Information Center
ERS … Compiled & Analysis by LMIC
Livestock Marketing Information Center
G-NP-3007/28/14
Last …
September 25, 2025
LMIC: 9/15/25)
Data Source: Livestock Marketing Information Center … LMIC: 9/15/25)
Data Source: Livestock Marketing Information Center
Live … Head
Data Source: USDA-NASS
Livestock Marketing Information Center
C-P-54
09/22/25
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June 18, 2008
June 6, 2014
Grain Market Outlook
her coarse grains. The USDA used U.S. 2014 planted acreages from the March 31st USDA Prospective
Plantings report along with in‐house, non‐survey based projections of 2014 … the U.S. central (Kansas) and southern (Oklahoma and Texas) plains, alleviating drought conditions.
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I. U.S. Grain Sorghum Market Situation and Outlook
I‐A. May 2014 USDA Reports & Projections for “New Crop” MY 2014/15
On May 9, 2014 the USDA World Agricultural Outlook Board (WAOB) released its May 2014 World
Agricultural Supply and Demand Estimates (WASDE) report – containing U.S. and World corn supply‐demand
and price projections for both the “current” 2013/14 marketing year as well as for “new crop” 2014/15. The
“new crop” 2014 U.S. grain sorghum production projections are based on 2014 U.S. grain sorghum planted
acreage projections from the survey based USDA March 31st Pr …
May 15, 2014
Grain Market Outlook
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I. U.S. Corn Market Situation and Outlook
I‐A. May 2014 USDA Reports & Projections for “New Crop” MY 2014/15
On May 9, 2014 the USDA National Agricultural Statistical Service (NASS) released its monthly Crop
Production report. The May 2014 USDA Crop Production report provided the USDA’s initial survey‐based
projections of planted and harvested acreage, yields, and production for the 2014 U.S. corn crop. Also on May
9th the USDA World Agricultural Outlook Board (WAOB) released its May 2014 World Agricultural Supply and
Demand Estimates (WASDE) report – containing U.S. and World corn supply‐demand and price projections for
both the “current” 2013/14 marketing year as well as for “new crop” 2014/15. The “current” 2013/14
marketing year will end on May 31, 2014, while the “new crop” 2014/15 U.S. wheat marketing year will last
from June 1, 2014 through May 31, 2015.
I‐B. Corn Futures Trends Since the May 9th USDA Reports
The “current crop” JULY 2014 corn futures market contract responded in a volatile and ultimately
negative manner to the information in the May 9th USDA reports. On the day of the report – Friday, May 9th –
Chicago Board of Trade (CBOT) JULY 2014 corn futures prices opened at $5.15 ½ per bushel, and traded as
high as $5.22 ¾ and as low as $5.05 ¾ during the session, before settling at $5.07 ½ – down $0.09 for the day
(Figure 1). The USDA report findings were publicly released at approximately mid‐session, i.e., 12:00 noon
eastern time (11:00 a.m. central) that day. Since then JULY 2014 corn futures prices have traded lower –
ranging from a high of $5.06 ¼ on Monday, May 12th to a low of $4.95 ¼ on Wednesday, May 14th before
closing at $4.95 ½ on the same day.
“New crop” DEC 2014 corn futures contract prices also responded in a volatile and ultimately negative
manner to the information in the May 9th USDA reports. On the day of the report – Friday, May 9th – Chicago
Board of Trade (CBOT) DEC 2014 corn futures prices opened at $5.10 ¼ per bushel, and traded as high as $5.14
¾ and as low as $4.97 ¼ during the session, before settling at $4.98 ¾ – down $0.12 ¾ for the day (Figure 1).
Since then DEC 2014 corn futures prices have also traded lower – ranging from highs of $4.96 ¼ on Monday,
May 12th and $4.96 ¼ on Wednesday, May 14th, down to a low of $4.88 ¾ on Wednesday, May 14th before
closing at $4.89 on the same day.
Figure 1. July 2014 and December 2014 CME Corn Futures Price Charts (electronic trade) …
January 15, 2013
http://www.agmanager.info/livestock/budgets/production/beef/Cow-
calf_EnterpriseAnalysis(Nov2012).pdf … 1/14/13’
http://www.agmanager.info/livestock/marketing/graphs/cattle/prices/default.asp
ESTIMATED … Per Cow
C-P-66
09/20/12
Livestock Marketing Information Center
Data …
December 31, 2016
Grain Market Outlook
016 harvest and immediate post‐harvest period.
Other market factors to consider that could affect the U.S. feedgrain markets in 2017 include: 1) the pace and
timing of U.S. farmer marketing of the 2016 grain sorghum and corn crops – much of which had been placed in
storage after the 2016 fall harvest and likely will be held for sale through the winter into at least early spring
2017, 2) anticipation of continued strong use of 2016 crop U.S. feedgrains for domestic U.S. ethanol
production and livestock feeding, 3) at least moderate strength in U.S. grain sorghum exports – driven partly
by a poor Brazilian feedgrain harvest and lack of exportable supplies in earlier in 2016, as well as other World
coarse grain market factors, and 4) the always present possibility of broader U.S. and Foreign economic and/or
financial system disruptions impacting grain, energy, and other commodity markets in 2017.
For example, U.S. financial policy announcements by the U.S. Federal Reserve in 2017 could lead to increases
in U.S. interest rates and the value of the U.S. dollar relative to other World currencies, which could in turn
have a negative impact on U.S. grain sorghum exports. Also, World geo‐political events could provide
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unanticipated “shocks” to U.S. and World energy and grain markets. The impact on the direction of U.S. and
World grain sorghum and corn markets from these potential disruptions is difficult to anticipate or predict.
USDA Supply‐Demand Forecast for “Current” MY 2016/17: The USDA has projected of 2016 U.S. sorghum
plantings of 6.761 ma, harvested acres of 6.045 ma, record high yields of 76.5 bu/ac (vs 76.0 bu/ac in 2015 and
67.6 bu/ac in 2014), resulting in a 2016 U.S. grain sorghum production is forecast to be 462 mb – down from
597 mb in 2015, but above 433 mb in 2014, and 392 mb in 2013.
With forecast “current” MY 2016/17 total supplies of 500 mb, total use of 465 mb, and projected ending stocks
of 35 mb (7.48% S/U), U.S. grain sorghum prices are projected by the USDA to be in the range of $2.80‐$3.30
(midpoint = $3.05 /bu). Ending stocks of 35 mb (7.48% S/U) in “current” MY 2016/17 compare to 37 mb
(6.28% S/U) in MY 2015/16, and 18 mb (4.10% S/U) in MY 2004/05. United States grain sorghum prices of
$3.05 /bu in “current” MY 2016/17 continue the downward trend from $3.31 /bu in MY 2015/16, $4.03 in MY
2014/15, $4.28 in MY 2013/14, and the record high of $6.33 /bu in the drought year of MY 2012/13.
USDA Supply‐Demand Forecast for “Next Crop” MY 2017/18: With early USDA projections of 2017 U.S.
sorghum plantings of 6.300 ma (down 461,000 acres), harvested acres of 5.400 ma (down 645,000 acres),
projected yields of 67.1 bu/ac (vs the record high of 76.5 bu in 2016), 2017 U.S. grain sorghum production is
forecast to be 362 mb – down from 462 mb in 2016, and 597 mb in 2015.
With forecast “next crop” MY 2017/18 total supplies of 397 mb (down from 500 mb last year and 620 mb the
year before), total use of 365 mb (down from 465 mb last year and 583 the year before), and projected ending
stocks of 32 mb (8.76% S/U) – down from 35 mb (7.48% S/U) in “current” MY 2016/17 – U.S. sorghum prices
are projected by the USDA to average $3.10 /bu.
Note: This is a “large U.S. feedgrain crop” – “no major U.S. or Foreign crop problem” scenario. Emerging
production threats and the actual outcome of 2017 U.S. grain sorghum and corn production will drive the U.S.
grain sorghum market in “next crop” MY 2017/18.
World Coarse Grain Supply‐Demand: Record high World coarse grain production of 1,329.35 million metric
tons (mmt) is projected for “current” MY 2016/17, up 6.4% from 1,249.65 mmt in MY 2015/16, and up 1.8%
from 1,306.1 mmt in MY 2014/15. Record high World coarse grain total supplies of 1,574.15 mmt are
projected for “new crop” MY 2016/17, up from 1,495.0 mmt in MY 2015/16, and from 1,517.2 mmt in MY
2014/15. “Coarse grains” include grain sorghum, corn, barley, oats, rye, millet, and mixed grains.
World coarse grain exports of 185.2 mmt are projected for “new crop” MY 2016/17, up 12.4% from 164.8 mmt
in MY 2015/16, and down 0.5% from 186.1 mmt in MY 2014/15. Projected record high World coarse grain
ending stocks of 254.9 mmt (19.3% S/U) in “new crop” MY 2016/17 are up from 244.8 mmt (19.6% S/U) in MY
2015/16, but down from 245.4 mmt (19.3% S/U) in MY 2014/15.
Although World coarse grain ending stocks are projected to be a record high in “new crop” MY 2016/17 at
254.9 mmt, World coarse grain percent ending stocks‐to‐use in “new crop” MY 2016/17 are forecast to
actually decline marginally to 19.3% ‐ indicative that strong World demand for coarse grains at low prices is
expected to continue – especially in Europe where grain production has been hampered by extreme weather
conditions in the last year.
…
August 5, 2024
Other Species
Summary
Motivation
Specialty livestock production is a growing sector … behaviors toward specialty livestock meat
products. This research … We distributed an online survey instrument via Qualtrics …
January 15, 2021
Ag Law Issues
defective ag seed or purchased livestock that turns out to not live … the United States. We will survey the
rules surrounding the …
August 1, 2025
Breakout Sessions
ion based on value they place on supplier attributes.
Objective
Survey Instrument
Qualifying Question …