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

Profit Margins for Dairy Producers Continue Negative Trend in 2013, Likely to Turn Positive in 2014 (12/19/2014)
Higher milk prices were not enough to offset higher costs resulting in total economic costs exceeding returns for Illinois dairy producers in 2013, according to figures summarized by University of Illinois agricultural economists in cooperation with the Illinois Farm Business Farm Management Association. Read the FEFO...
 
Corn Price Strength Continues (12/15/2014)
March 2015 corn futures traded to a high of $4.115 on December 15, the highest level since July 10 and $0.80 above the low reached on October 1. The average spot cash price at South-Central Illinois elevators was reported at $3.785 on December 12, $1.01 above the low on October 1. Read the column...
 
Base Acre and Yield Updating Tool: A Release of Spreadsheet to Aid in Making Farm Bill Decisions (12/9/2014)
The Base Acre and Yield Updating spreadsheet aids in making the first two sets of Farm Bill decisions: 1) base acre allocation and 2) yield updating. It also makes comparisons of expected payments from Agricultural Risk Coverage – County Option (ARC-CO) and Price Loss Coverage (PLC) programs calculated by Agricultural Policy Analysis System. Read the FEFO...
 
How Will the December 1 Corn Stocks Estimate Be Interpreted? (12/8/2014)
It is always a challenge to anticipate the USDA's quarterly estimate of corn stocks, but the estimate of the December 1 inventory, to be released on January 12, 2015, is a special challenge. Not only is there the usual uncertainty about the magnitude of feed and residual use of corn during the first quarter of the marketing year, there is uncertainty about the potential change in the corn production estimate that is released on the same day. Read the column...
 
Monthly Review of Corn Consumption (12/1/2014)
The pace of corn consumption remains mixed relative to the current USDA projections for the marketing year. Following is an update of the monthly analysis of the pace of corn consumption by category that we began in September. Read the column...
 
Discussion of Fixed Cash Lease (Short Form for One Year) (11/25/2014)
A new farmland lease form called “Fixed Cash Lease (Short Form for One Year)” is now available on farmdoc. This lease is for a fixed cash rent that is one-year in length. Read the FEFO...
 
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...
 

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