Associate Professor/Crop Marketing Specialist Ag Market Outlook Mar. 21, 2018 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911 1 1

Drought Monitor Source: National Drought Mitigation Center 2 2

U.S. Meat Production & Prices Source: USDA-WAOB 4 4

Data Source: USDA-NASS, Compiled & Forecasts by LMIC Livestock Marketing Information Center

Data Source: USDA-NASS, Compiled & Analysis by LMIC Livestock Marketing Information Center

Cattle Crush Margin The Crush Margin is the return after the feeder steer and corn costs. Live weight: 1250 pounds Feeder weight: 750 pounds Corn: 50 bushels per head Source: ISU Extension

Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Source: ISU Extension

Beef Export Shifts Source: USDA-FAS

Pork Export Shifts Source: USDA-FAS

Corn Export Shifts Source: USDA-FAS

Soybean Export Shifts Source: USDA-FAS

Thank you for your time. Any questions. My web site: http://www2. econ Thank you for your time! Any questions? My web site: http://www2.econ.iastate.edu/faculty/hart/ Iowa Farm Outlook: http://www2.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/