Gulke''s Latest Supply/Demand Estimates

Farm Journal logo


The following information is bonus material from Top Producer. It corresponds with the "Market Strategy" column by Jerry Gulke. Hedge Your Operating Credit” by Linda Smith. You can find the article on page 20 in the Summer 2009 issue.


  USDA SMS1 SMS2
Planted acres (mil) 87 25 25
Harv. acres (mil) 80.1 78.4 78.4
Yield (bu./acre) 153.4 153.4 156.5
Carrin (Sept. 1) 1,770 1,770 1,820
Production 2,291 12,021 12,264
Imports 15 15 15
Total supply 14,076 13,806 14,099
Feed & resid. 5,200 5,200 5,200
Food/seed/ind. 5,375 5,375 5,378.5
Ethanol fuel 4,100 4,100 4,100
Dom. use 10,575 10,575 10,575
Exports 1,950 1,950 1,900
Total use 15,525 12,525 12,475
Carryout (Aug. 30) 1,551 1,281 1,624
Stocks/use 12.4% 10.2% 13.0%
Farm price 3.35-4.15 3.35-4.15 3.30

 
SMS1 is using SMS acreage but USDA's July yield. SMS2 is using SMS acreage but better yield, warranted by weather so far and assuming no early frost.

 

Latest News

.
Program Helps Give Calves A Healthy Edge

Purina Animal Nutrition introduces Purina® Plus, an innovative feeder calf program, which aims to help cattle producers supply high-value, low-risk feeder calves to the marketplace.

.
Adding Up Pennies

The “Discovering True Carcass Value Webinar” sponsored by Certified Angus Beef will explore cutout values and how CAB carcasses add value beyond Choice.

Rana Creek Ranch
Glenn Selk: Riding Off Into The Sunset

Oklahoma State University Emeritus Extension Animal Scientist Glenn Selk announces he is handing over publication of future Cow-Calf Newsletters to other OSU beef specialists.

Gearhart Ranch
NCBA Delivers State of the Industry Address

National Cattlemen’s Beef Association spokesmen gave an update on the state of the industry and priority issues in Washington, D.C. that may affect cattlemen during the group’s virtual Winter Reboot conference.

Pilgrim’s Pride Agrees To Price-Fixing Fine

Pilgrim's Pride, the nation's second-largest poultry processor, entered a guilty plea to federal charges of price-fixing and bid-rigging, the Department of Justice said on Tuesday.

Setting Expectations Smooths the Path for Succession Planning with Off-Farm Heirs

At this year’s Top Producer Online Summit, Rena Striegel shared her key tips to make this transition easier for all involved.