Print
A A A |

 
 
Common Ground
Farm Credit Services of America Blog

USDA’s June Forecast for 2014/15 Production and Season-Average Farm Prices

by Farm Credit Services of America Staff | Jun 12, 2014

wheatWheat: $6.35 to $7.65 per bushel, down 30 cents on each end due to larger expected carryout, higher global production and recent declines in futures prices.

cornCorn: Slower than normal start to growing season is offset by favorable early season crop and weather conditions. Aggregated crop conditions in Corn Belt states better than any time since 2007. Projected yields remain at 165.3 bushels per acre, with projected range of $3.85 to $4.55 per bushel.

soybeansSoybeans: $9.75 to $11.75 per bushel, unchanged from May.

soybean mealSoybean meal and oil: $355 to $395 per short ton, unchanged from May.

beefBeef: Slower pace of steer and heifer slaughter in second quarter lowers production forecast.

Pork: Increased second quarter slaughter increases production forecast.

broilerBroiler: Production forecast lowered as pace of expansion slows. Prices up for 2014 under tighter supply forecast.

eggsEggs: Production is up with strong table egg prices expected to support increased production.

dairyDairy: No change from May milk production forecast. Higher prices for cheese due to strong demand and for butter due to tight supplies. All milk price is forecast at $22.90 to $23.30 per cwt for 2014 and $19.75 to $20.75 per cwt for 2015.

Source: World Agriculture Supply and Demand Estimates, June 11, 2014.

Full report: http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-06-11-2014.pdf

Comment

  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
       
    Toolbar's wrapper 
     
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
      
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.
       
  2. Comments are moderated and reviewed before they are posted on the site. View our terms of use.

Browse by Tag