LIVESTOCK NEWS
Problems with USDA Price Estimates
Todd Hultman DTN Grains Analyst
Thu Jan 30, 2014 03:57 PM CST

By now you've heard USDA reduced its U.S. production estimate for corn on January 10 from 13.989 billion to 13.925 billion bushels and reduced the U.S. ending stocks estimate for 2013-14 from 1.792 billion to 1.631 billion bushels. Quick calculating puts the new ending corn stocks-to-use ratio at 12.4%, the highest in four years. The result is that USDA expects the average farm price for corn to come in somewhere between $4.10 and $4.70 a bushel.

The method of taking USDA's monthly estimates and then translating those estimates into market prices based on the amount of supplies relative to demand ...

Quick View
  • Dr. Dan Talks Agronomy Can you trim inputs while growing soybeans in 2015? Here's a look at what you can and can't cut.
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
DTN Technically Speaking Blog
Technically Speaking Blog
Technically Speaking Blog
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
Guest Editorial
Newsom on the Market