1. Feed Costs: Longer Term
Hart - Feed Costs: Longer Term
July 7, 2008
Feed Costs: Longer Term
Chad Hart
Center for Agricultural and Rural Development
Iowa State University
July 7, 2008
New Dimensions in Livestock Risk Conference
Iowa Farm Bureau
Ames, Iowa
New Dimensions in Livestock Risk Conference

2. Corn Price Projections

3. Soybean Meal Price Projections

4. Hay Price Projections
Source: FAPRI

5. Crude Oil Prices
Source: U.S. Department of Energy

6. Growing Corn Utilization
Source: FAPRI

7. And Soy Meal Utilization
Source: FAPRI

8. Ethanol Co-Products
Source: FAPRI

9. U.S. Meat Demand
Source: FAPRI

10. World Meat Demand
Source: FAPRI

11. Summary Thoughts Higher feed prices are projected to stay
Number of reasons why:
Strong demand from a variety of sectors
Growing population
Higher incomes (especially in developing countries)

12. Thanks for your time!