Feed Grain Outlook

  • November 2, 2018 – US corn harvest is about 2/3rds complete. An updated yield estimate will be an important component of next week’s WASDE. Growing conditions globally, harvest in the north, planting in the south, are mostly favorable for feed grain.
  • October 26, 2018 – The Cattle on Feed report last week continued to show record feedlot inventories to support corn for feed use, but today’s export report shows a drop off in corn sales commitments. Sorghum export sales have picked up with the EU entering the market.
  • October 12, 2018 – No big changes to corn balance sheets in the October WASDE, but for the first time this season, this corn crop got smaller instead of larger. Yield still a record, but down from 181.3 to 180.7. Exports now projected at record high levels.
  • October 5, 2018 – Strong crop ratings are closing out the growing season for U.S. corn. Conditions are generally favorable for corn planting in the Southern Hemisphere.

 

Mark Welch
Texas A&M AgriLife Extension Economist

600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating

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