1. Associate Professor/Crop Marketing Specialist
Ag Market Outlook
Mar. 21, 2018
Chad Hart
Associate Professor/Crop Marketing Specialist 1 1

2. Drought Monitor
Source: National Drought Mitigation Center 2 2

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

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

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

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

8. 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

10. Beef Export Shifts
Source: USDA-FAS

11. Pork Export Shifts
Source: USDA-FAS

12. Corn Export Shifts
Source: USDA-FAS

13. Soybean Export Shifts
Source: USDA-FAS

14. Thank you for your time. Any questions. My web site: http://www2. econ
Thank you for your time! Any questions? My web site: Iowa Farm Outlook: Ag Decision Maker: