• 10/15/2014
    Broiler Economics, US Harvest Well Underway, Oct. 2014

    The progress of the US harvest is slow, but the total is expected to be huge. Harvest is slow in part due to the difficulties of bringing in an enormous crop and in part to some untimely rain, but the total amount is no longer in question. The most recent crop progress report of October 14th shows that only 24% of the corn was harvested, down from the average of 43% on that date. Crop condition is encouraging with 74% of the corn crop in good to excellent condition. Soybeans are 40% harvested; down from the average of 53% on the same date and 73% of the soybean crop is in good to excellent condition. Harvest will accelerate in the next few weeks.
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  • 08/28/2014
    Broiler Economics: Harvest is Nearly Secure in the US, Aug. 2014

    With just one month to go before the 2014 US corn and soybean harvest is secure, weather conditions are nearly perfect in the Corn Belt. The temperature dropped just in time for pollination and stayed relatively low in the month of August. With every passing day crop failure becomes less likely and it becomes more likely that a record amount of both corn and soybeans will be produced in the US this year. As a result, the market prices for both corn and soybeans are falling.
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  • 06/26/2014
    Broiler Economics: Soybeans finally headed lower, June 2014

    The  cost  of  soybean  meal  has  been  punishingly  high  for   the  poultry  industry  this  year.  There was  hope  that  a  huge   harvest  in  South  America  would  bring  relief  a  few  months  ago; however,  a  shortage  of  soybeans  in  the  US  kept  the  price  in   Chicago  high.
    Adobe Acrobat PDF file | 492 KB

  • 04/30/2014
     Broiler Economics: Reports Send Corn, Soybean Higher, April 2014

    On March 31st every year there are two news releases by the USDA that have the potential of moving the grain market. One is the grain stocks report and the other is the planting intentions report. More often than not, prices in Chicago move up or down sharply on any given March 31st. This year, the reports turned out to be close to expectations and therefore caused fewer fireworks in Chicago than usual. Nevertheless, both corn and soybeans moved higher.
    Adobe Acrobat PDF file | 316 KB

  • 02/25/2014
    Broiler Economics: Lower Grain Costs in 2014, Feb. 2014

    The world poultry industry can look forward to significantly lower feed costs in 2014. Corn and wheat prices are already down significantly from last year while soybean meal is still a problem. Meal is still stubbornly expensive but is likely to drop in price sometime this year.
    Adobe Acrobat PDF file | 195 KB