Feed Outlook, December 2019

With no new data from the National Agricultural Statistics Service this month, and steady demand from exports, food, seed, and industrial use, and feed and residual use, there were no balance sheet changes this month to corn, sorghum, or oats. Projected prices are unchanged for corn and sorghum and lowered 5-cents per bushel for barley and oats.

 

The global production of coarse grains is expected to expand month over month by 6.81 million metric tons. This revision is driven by record Chinese corn yields, which increased their total supply by 6.77 million tons and is expected to increase carryout in 2019/20. This change more than offsets reductions in Australian coarse grains production due to continued drought, amongst other small revisions.

 

 

 

Video: Episode 107: Think you have a closed herd?

Surveys show many producers believe they operate a closed herd, but what does “closed” really mean? For some, it simply means being genetically closed by raising their own replacements and cleanup bulls, using artificial insemination for new genetics and avoiding the purchase of outsourced cattle. However, being a truly closed herd goes far beyond genetics. A closed herd also works to eliminate as many potential sources of disease introduction as possible. In this episode, we take a closer look at what it truly means to run a closed herd.