10/18/2013Broiler Economics: Partial Government Shutdown, Oct. 2013
Agricultural producers, traders, and analysts are flying blind this month. Because of the partial US government shutdown, the USDA World Agricultural Supply and Demand Estimates report is not being published....Using information from private sources, it appears that the corn harvest, while not as good as previously expected, will be much better than last year and therefore prices will be lower.
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08/30/2013Broiler Economics: Weather Still Uncertain, August 2013
Even at this late date, there is still time for something bad to happen to the US corn and soybean crops. They were started late and there was a cool spell in August so there is concern about having enough growing degree days (the combination of heat and time) before the first frost. There is also concern because some parts of the Western Corn Belt have become dry. As can be seen on the map below, parts of Iowa, Minnesota, Missouri, Illinois, and even Indiana are abnormally dry.
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06/25/2013Broiler Economics: World Poultry Production Will Accelerate in 2014, June 2013
World economic growth slowed in the last three years. After the recession of 2009, world growth popped up to 4% in 2010 but then embarked on a downward track. Growth in 2013 is likely to be only 2.2%. Developing countries will grow at 5% this year and the developed world only 1.2%.
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04/22/2013Broiler Economics: Prospects Better for the Poultry Industry, April 2013
In hindsight, it now appears that a major bear market in corn began in August and is now gathering speed with the combination of a good harvest in South America, lots of snow and rain in Iowa, and a surprise quarterly stock report by the USDA. The price of grain is heading down.
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03/04/2013Broiler Economics: Light at the End of the Tunnel, Feb. 2013
For the last five years, the world poultry industry has been slowed by high grain prices. For the last three years, corn prices reached a new record high average price each year. It was not just grain. Commodities of all kinds, including most notably oil, reached and sustained record high levels. Is there no end to this cost of inputs pain?
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