1. Econ 337, Spring 2013 ECON 337: Agricultural Marketing Chad Hart Associate Professor chart@iastate.edu 515-294-9911 Lee Schulz Assistant Professor lschulz@iastate.edu 515-294-3356

2. Econ 337, Spring 2013

3. GDP Growth Source: USDA

4. Econ 337, Spring 2013 Population Growth Source: USDA

5. Econ 337, Spring 2013 Exchange Rate Changes Source: USDA

6. Econ 337, Spring 2013 Crude Oil Prices Source: USDA

7. Econ 337, Spring 2013 Meat Production Projections Source: USDA

8. Econ 337, Spring 2013 Per Capita Consumption Source: USDA

9. Econ 337, Spring 2013 Livestock Price Projections Source: USDA

10. Econ 337, Spring 2013 U.S. Meat Exports Source: USDA

11. Econ 337, Spring 2013 Projected Beef Supply and Use 20132014201520162017 Production(mil. lb.)24,61623,99523,77424,24924,470 Beginning Stocks(mil. lb)540550 Imports(mil. lb)2,6202,8373,0133,0643,151 Total Supply(mil. lb)27,77627,47827,43327,95928,267 Cattle Inventory(mil. head)89.70089.00090.65191.78292.555 Exports(mil. lb)2,4502,4092,3832,4432,562 Total Consumption(mil. lb)24,77624,51924,50024,96625,115 Ending Stocks(mil. lb)550 Beef Cattle Price($/cwt.)126.60127.88128.36127.04124.96 Source: USDA

12. Econ 337, Spring 2013 Beef Imports Source: USDA

13. Econ 337, Spring 2013 Projected Pork Supply and Use 20132014201520162017 Production(mil. lb.)22,95723,30223,92424,57625,005 Beginning Stocks(mil. lb)675650 Imports(mil. lb)800830842854867 Total Supply(mil. lb)24,43224,78225,41626,08026,522 Hog Inventory(mil. head)65.20065.91667.58269.33070.478 Exports(mil. lb)5,4455,5515,6825,8065,850 Total Consumption(mil. lb)18,33718,58119,08419,62420,022 Ending Stocks(mil. lb)650 Hog Price($/cwt.)67.1967.8563.8162.1162.52 Source: USDA

14. Econ 337, Spring 2013 Pork Imports Source: USDA

15. Econ 337, Spring 2013 Dairy Output Source: USDA

16. Econ 337, Spring 2013 Acreage for the 8 Major Crops Source: USDA

17. Econ 337, Spring 2013 Corn Yield Trend Source: USDA

18. Econ 337, Spring 2013 Crop Price Projections Source: USDA

19. Econ 337, Spring 2013 Projected Corn Supply & Use 20132014201520162017 Area Planted(mil. acres)96.090.086.088.089.0 Yield(bu./acre)163.5165.4167.4169.3171.3 Production(mil. bu.)14,43513,61013,59513,92514,255 Beg. Stocks(mil. bu.)6472,0672,2321,8171,672 Imports(mil. bu.)25 Total Supply(mil. bu.)15,10715,70215,36215,43715,622 Feed & Residual(mil. bu.)5,2505,3005,2505,3755,475 Ethanol(mil. bu.)4,6754,825 4,8504,900 Food, Seed, & Other(mil. bu.)1,4151,4451,4701,4901,505 Exports(mil. bu.)1,7001,9002,0002,0502,125 Total Use(mil. bu.)13,04013,47013,54513,76514,005 Ending Stocks(mil. bu.)2,0672,2321,8171,6721,617 Season-Average Price($/bu.)5.404.104.304.404.50 Source: USDA

20. Econ 337, Spring 2013 Corn Exports Source: USDA

21. Econ 337, Spring 2013 Coarse Grain Imports Source: USDA

22. Econ 337, Spring 2013 Projected Soybean Supply and Use 20132014201520162017 Area Planted(mil. acres)76.074.075.075.576.0 Yield(bu./acre)44.444.945.345.846.2 Production(mil. bu.)3,3353,2803,3603,4153,470 Beg. Stocks(mil. bu.)140185197204205 Imports(mil. bu.)15 Total Supply(mil. bu.)3,4903,4803,5723,6343,690 Crush(mil. bu.)1,6551,6651,7001,7301,760 Seed & Residual(mil. bu.)135137138139140 Exports(mil. bu.)1,5151,4801,5301,5601,575 Total Use(mil. bu.)3,3053,2823,3683,4293,475 Ending Stocks(mil. bu.)185197204205215 Season-Average Price($/bu.)11.3510.3510.6510.7510.85 Source: USDA

23. Econ 337, Spring 2013 Soybean Exports Source: USDA

24. Econ 337, Spring 2013 Soybean Imports Source: USDA

25. Econ 337, Spring 2013 Net Farm Income Source: USDA

26. Econ 337, Spring 2013 Farm Expenses Source: USDA

27. Econ 337, Spring 2013 Ag Trade Balance Source: USDA

28. Econ 337, Spring 2013 Class web site: http://www.econ.iastate.edu/~chart/Classes/econ337/ Spring2013/ Have a great weekend!