Feed Outlook

Grain, poultry and beef outlook 2016-2017

Written May 4, 2016 By Jennifer Keller for wattagnet.com

Originally broadcast on April 19, 2016, Dr. Chris Hurt, Purdue University, and Tom Elam, FarmEcon.com, presented an industry outlook on the supply and demand for poultry and red meats, expected planting acres for corn and soybeans, and pricing forecasts for these commodities.

Feed Sector
According to Hurt the market is sending signal for farmers to shift to soybeans in regards to planting acreage. The acreage report shows a game changer in regards to prices. Hurt said he expects that the full 93.6 million acres will not be planted in corn and that some of this land will be used for soybeans instead. Hurt estimates that closer to 91.1 million acres will be planted in corn and that around 2 million more acres will be planted in soybeans than the planting intentions submitted by farmers, which was 82.2 million acres.

The presented data was taken from the USDA Prospective Plantings report and the World Agricultural Supply and Demand Estimates (WADE) report. This was the first webinar in the Poultry Grower Webinar Series for 2016.

Highlights from the “Grain forecast and poultry, beef price outlook for 2016-2017” webinar

View this On-Demand webinar in its entirety at http://video.wattagnet.com/RY6q

Disclaimer: This section of the website is an attempt to bring all industry related news on a common platform for its viewers. Maxim International did not produce this content. View original post here

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