You are currently browsing the Market Watch weblog archives for March, 2009.

Corn Consumption Outlook

Corn consumption during the 2009-10 marketing year could reach 12.5 billion bushels, according to University of Illinois Extension marketing specialist Darrel Good.

“The 2009 crop would need to be near 12.2 billion bushels to support consumption at that level. Assuming a trend yield of 152.8 bushels, 79.8 million acres of corn would need to be harvested [...]

Hog Profits Coming Soon

Pork producers should be “conservative and defensive” this year even though profitability may be on the horizon, according to Purdue University Extension marketing specialist Chris Hurt.

“The extreme uncertainty of the moment implies that pork producers, like all of agriculture, should be conservative and defensive. Perhaps management decisions in 2009 should be focused on increasing odds [...]