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The following materials have been added to farmdoc in the past 60 days:

Hog and Pork Prices Return to Reality (11/24/2014)
When historians look back on hog prices in 2014, they are going to ask, “What was going on?” Hog and pork prices were launched to almost unexplainable heights by concerns over reduced pork supplies from PED in the spring and summer. More recently, prices have been in descent and now have returned to more realistic levels. Read the column...
Overview of Commodity Program Decisions from the 2014 Farm Bill (11/18/2014)
This article provides an overview of the commodity program decisions of the 2014 Farm Bill, thereby provide a context for each decision that must be made. More details for each decision are available on the Farm Bill Toolbox. Read the FEFO...
 
Corn and Soybean Acreage Questions Persist (11/17/2014)
Recent USDA reports have left some unresolved questions about the magnitude of planted and harvested acreage of corn and soybeans in 2014. The questions stem from the large differences between the planted acreage estimates from the National Agricultural Statistics Service (NASS) in the November 10 Crop Production report and the planted acreage that has been reported to the Farm Service Agency (FSA) as reflected in the report released on November 13.Read the column...
 
A Mixed Pace of Corn and Soybean Consumption (11/10/2014)
Based on the worn adage that “big crops get bigger”, analysts generally expected the USDA’s November Crop Production report to contain larger forecasts for the size of the current U.S. corn and soybean harvest. The soybean production forecast was larger, but the corn forecast was smaller than the October forecast.Read the column...
 
Crop Insurance Revenue Guarantees Likely Lower in 2015 (11/7/2014)
Next year, crop insurance guarantees likely will be lower than those for recent years. As a result, farmers will face more downside revenue risks. Revenue guarantees for crop insurance products will be below total costs of production. Read the FEFO...
 
A Mixed Pace of Corn and Soybean Consumption (11/3/2014)
With the large U.S. corn and soybean crops this year, we have underscored the importance of consumption and the size of year-ending stocks for longer term price direction. Extremely large year ending stocks would increase the probability of prolonged surpluses and relatively low prices while more modest year-ending stocks would open the door for a quicker recovery in prices.Read the column...
 
Soybeans Returns Projected Higher than Corn in 2014 (10/28/2014)
Projections indicate that soybeans will be more profitable than corn in 2014. Having a higher return for soybeans is unusual and may have implications for 2015 planting decisions. Read the FEFO...
 
Record Cattle Prices, Again and Again (10/27/2014)
The words, “Another new record for cattle prices” has kind of lost its punch this year because there have been so many new records established. Finished cattle prices began the year at about $135 per hundredweight which were record highs. By March they reached $150, a new record high. In July prices ascended to $160, for the first time ever. Now, finished cattle have touched $170, for the first time ever-a new record high. Read the column...
 
Projected Corn Gross Revenues Down in 2014 and 2015 (10/21/2014)
Per acre gross revenue for corn in 2014 is projected to be $808 per acre in northern Illinois, $292 lower than the 2011 through 2013 average of $1,100 per acre. Given the current price outlook, average gross revenue in 2015 is projected lower than 2014 revenue. These lower revenues will require cash flow adjustments on farms. Read the FEFO...
 
Crop Storage Issues May Be Less Severe Than Anticipated (10/20/2014)
The large size of fall harvested crops in the U.S. have raised very real concerns about the ability to readily store the record supply of crops available this year. Supplies that exceed permanent storage capacity require the use of temporary storage facilities or may require delayed harvest in some circumstances. However, weather related harvest delays to date and a rapid rate of consumption mean that overall storage issues may be less severe than feared this year. Read the column...
 
How Many Acres of Corn Are Needed in 2015? (10/13/2014)
One of the functions of crop markets is to direct planting decisions of U.S. producers. That process begins with fall seeded crops, primarily winter wheat, and continues through the following spring. The market’s assessment of the amount of acreage needed of various crops in any production cycle is complicated and continually changes. Read the column...
 
Big Year for Ethanol (10/6/2014)
Ethanol production, consumption, and stocks data are typically reviewed on a calendar year basis since Renewable Fuel Standards (RFS) are established for calendar years. However, since corn is the major feedstock for domestic ethanol production, ethanol data on a corn marketing year basis (September-August) are important for monitoring and anticipating marketing year corn consumption. Read the column...
 
More Pork Please! More Quickly (9/29/2014)
More Pork Please! That has been the scream of pork consumers this year who have paid record high prices at retail. The latest USDA Hogs and Pigs report suggests that pork producers will be able to get more pork to consumers and to get it to them more quickly than had been anticipated. Read the column...
 

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