| Iowa Farm Outlook & News | Iowa State University |
University Extension |
| Headlines: | September Estimated Returns: Farrow-to-finish -$38, Yearlings -$95 | ||||
| U.S. Crop Yields:Corn 161.9 bu/acre, Soy 42.3 bu/acre IA Crop Yields:Corn 187 bu/acre, Soy 52 bu/acre | |||||
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Previous Issues |
October Cattle on Feed (10/16/09) Dairy October Outlook (10/05/09) Swine Margin Forecasts (10/01/09) September Hog and Pig Report Summary (09/25/09) September Cattle Feeding Opportunities (09/22/09) |
September Report (09/15/09) The USDA demand estimates for soybeans showed small increases in crush and export demand, 20 million bushels for crush and 15 million bushels for exports. The changes keep projected 2009 exports at a record high. But in a reversal of last month’s pattern, the supply increase outweighed the demand boost and 2009/10 ending stocks rose to 220 million bushels, up 10 million from last month. The projected 2009/10 season-average price is set at $9.10 per bushel, down 20 cents from last month. For corn, feed and export demand led the way. Feed demand is raised 50 million bushels, while export demand is projected to gain another 100 million. Ethanol demand was increased, but it was for the 2008 crop, up 25 million bushels to 1.695 billion. As with soybeans, the supply increase more than offset the demand changes and 2009/10 ending stocks increased to 1.635 billion bushels. USDA’s midpoint estimate for the 2009/10 national season-average price is $3.35 per bushel, down 15 cents from last month.
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