Feed Costs: Longer Term

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Feed Costs Longer Term
Chad Hart Center for Agricultural and Rural
Development Iowa State University E-mail
chart_at_iastate.edu July 7, 2008 New Dimensions
in Livestock Risk Conference Iowa Farm Bureau
Ames, Iowa
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Corn Price Projections
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Soybean Meal Price Projections
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Hay Price Projections
Source FAPRI
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Crude Oil Prices
Source U.S. Department of Energy
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Growing Corn Utilization
Source FAPRI
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And Soy Meal Utilization
Source FAPRI
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Ethanol Co-Products
Source FAPRI
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U.S. Meat Demand
Source FAPRI
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World Meat Demand
Source FAPRI
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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)

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Thanks for your time!