Upcoming Event - Area Corn and Soybean Day

Purdue Extension Educators from southwest Indiana are hosting an Area Corn & Soybean Day for grain producers interested in receiving agronomic, as well as, a local grain market update.  The event is being held on Tuesday, February 5^th at the Vanderburgh County Fairgrounds Activities building, beginning with registration at 8:00 AM CST. 

Purdue University Agronomy Specialists Bob Nielsen, Shaun Casteel and Jim Camberato will be the featured speakers on corn, soybeans and fertilizer topics.  In addition, representatives from area grain elevators will conduct a panel discussion on grain marketing issues. PARP, CCH, and CEU credit is available. 

A complete list of speakers and topics is available here.

Weekly Outlook - Update on Corn Consumption

March 2013 corn futures are currently trading about .25 above the closing price on January 10 and about .10 below the high reached on January 16. The spot market basis also remains very strong in most markets. The USDA’s Grain Stocks report released on January 11 confirmed that feed and residual use of corn from June through November 2012 had been large, implying that consumption had not been sufficiently rationed following the small crop of 2012.

On-going changes in livestock production are mixed, but may be contributing to a slightly slower pace of feed consumption. The number of cattle in feedlots continues to be well below the level of a year ago as a result of the multi-year liquidation of the cow herd. The number of cattle on feed on January 1, 2013 was 5.6 percent below the inventory of a year earlier, about the same magnitude of decline reported on December 1, 2012. Placements into feedlots during December were only 0.7 percent less than during December 2011. <Read More>