Corn production is forecast at a record 14.8 billion bu., according to this month’s World Agriculture Supply and Demand Estimates (WASDE). That would be a staggering 2.4 billion bu. more than last year. The season-average farm price for the new crop is projected at $4.20-$5/bu., down sharply from the 2011-12 record projected at $5.95-$6.25/bu....More

Since late February, cull cow have averaged about $10 higher than last year. Those high 2011 prices occurred despite a 15% higher slaughter rate than the five-year average, and were buoyed by strong demand for manufacturing grade cow beef and lower beef imports. Conversely, the higher cow prices in 2012 are the result of lower cow slaughter and continued strong demand for 90% lean boneless beef....More

While cattlemen realize some of the most rewarding times in the history of their industry due to unprecedented price levels, they may need to guard against complacency as there are several factors that could threaten that status. What if interest rates increased by 2%? What if the U.S. dollar increased in value? What if feeder and fed cattle prices moderated? What if input costs continue to increase? A mini-conference set for the Mitchell Regional Extension Center will address these concerns....More