Gulke''s Latest Supply/Demand Estimates

Farm Journal logo

The following information is bonus material from Top Producer. It corresponds with the "Market Strategy" column by Jerry Gulke. Hedge Your Operating Credit” by Linda Smith. You can find the article on page 20 in the Summer 2009 issue.

Planted acres (mil) 87 25 25
Harv. acres (mil) 80.1 78.4 78.4
Yield (bu./acre) 153.4 153.4 156.5
Carrin (Sept. 1) 1,770 1,770 1,820
Production 2,291 12,021 12,264
Imports 15 15 15
Total supply 14,076 13,806 14,099
Feed & resid. 5,200 5,200 5,200
Food/seed/ind. 5,375 5,375 5,378.5
Ethanol fuel 4,100 4,100 4,100
Dom. use 10,575 10,575 10,575
Exports 1,950 1,950 1,900
Total use 15,525 12,525 12,475
Carryout (Aug. 30) 1,551 1,281 1,624
Stocks/use 12.4% 10.2% 13.0%
Farm price 3.35-4.15 3.35-4.15 3.30

SMS1 is using SMS acreage but USDA's July yield. SMS2 is using SMS acreage but better yield, warranted by weather so far and assuming no early frost.


Latest News

Winter bale grazing
North Dakota To Consider Voluntary Checkoff

A North Dakota state representative has introduced legislation that would make the state's additional $1 beef checkoff voluntary. It would have no impact on the national Beef Checkoff.

12 min ago
Greg Hanes: What Have You Done for Me Lately?

In this commentary Greg Hanes, CEO of the Cattlemen's Beef Board, discusses the ways that Beef Checkoff dollars have been used in the past few months.

56 min ago
Cattle and hog feeding
Profit Tracker: Steady In The Red

Cattle and hog feeding margins were little changed last week, with both recording modest losses. Beef packers saw improved margins on significant gains in wholesale beef prices.

16 min ago
USMEF Audio: Taiwan Expands Market Access for U.S. Red Meat, but with Some Controversy

On Jan. 1, Taiwan implemented market access changes for imports of U.S. beef and pork. For beef, the 30-month cattle age limit was eliminated. For pork, it established maximum residue limits for ractopamine residues.

12 min ago
PepsiCo, Beyond Meat Partner to Develop New Plant-Based Snacks

PepsiCo Inc and Beyond Meat Inc said on Tuesday they would form a joint venture to develop and sell snacks and beverages made from plant-based protein.

2 hours ago
Data shows home cooking brings families together.
The Pandemic Upped My Cooking Game

New research shows I'm not the only one who upped my cooking game last year. A new study provides insight into which cooking and consumption habits are likely to continue into the new year and beyond. 

1 min ago