Feed Grain Outlook

  • May 18, 2018 – Some hope of progress in U.S.–China trade relations today as China announces it is withdrawing its investigation of illegal dumping of grain sorghum by the U.S. Corn planting made good progress last week but lags in the northern Corn Belt.
  • May 10, 2018 – U.S. and world corn stocks to use ratios make a big drop in the 2018/19 marketing year according to the first estimates by USDA.  The season average farm price projection for 2018/19 is $3.80 per bushel, up from $3.40 for the 2017 crop.
  • April 23, 2018 – Corn planting progress was up 2 percent to 5 last week but is still well below normal. Last week’s Cattle on Feed report supportive of growth trends in feed use–on feed up 7 percent compared to year ago, the highest in 6 years.
  • April 16, 2018 – A small increase in corn planting progress last week, +1%. The range for this week of the crop year is 2% to 19%, 6% average. Along with strong corn exports, corn ethanol production and consumption continue to increase 2 to 3% over last year.

 

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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