USDA Feed Outlook

Mar 13, 2015

Lower forecast corn use for ethanol in 2014/15 is more than offset by increased feed and residual use and exports, tightening projected carryout by 50 million bushels. The tighter expected carryout nudges the projected farm price up 5 cents to $3.70 per bushel at the midpoint of the projected range. Changes to ethanol production reflect the recently released data on corn use in ethanol production in the new Grain Crushings and Co-Products Production report but are partly offset by higher-than-expected December ethanol production and stronger-than-expected weekly production through February.

Forecast corn exports are raised 50 million bushels on the pace of recent sales and shipments as well as increased projected world corn trade this month. Global 2014/15 coarse grain production and beginning stocks are forecast lower this month, with reduced supplies of corn in South Africa. World consumption is projected higher, resulting in a significant reduction in ending stocks. While global coarse grain stocks are down month-to-month, they remain the largest in 15 years.

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Source: USDA

Video: Season 6, Episode 7: Takeaways from the Second International Conference on Pig Livability

This year’s conference fostered open, engaging conversations around current research in the swine industry, bringing together hundreds of attendees from 31 states and six countries. Two leaders who helped organize the event joined today’s episode: Dr. Joel DeRouchey, professor and swine extension specialist in the Department of Animal Sciences and Industry at Kansas State University, and Dr. Edison Magalhaes, assistant professor in the Department of Animal Sciences at Iowa State University. They share key takeaways from the conference, including the importance of integrating data when evaluating whole-herd livability, building a culture of care among employees and adopting new technologies. Above all, the discussion reinforces that this industry remains, at its core, a people business.