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
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
Gulke: Collapsing Markets
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments