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Northwest Iowa Dairy Outlooks

A local discussion of current science and issues concerning dairying in northwest iowa

Latest WASDE: http://www.usda.gov/oce/commodity/wasde/latest.pdf

Highlights:

  • U.S. wheat ending stocks for 2011/12 are projected 50 million bushels higher with reduced prospects      for exports this month.
  • U.S. feed grain ending stocks for 2011/12 are projected slightly higher with a small decrease in      domestic corn use and a small increase in oats imports.
  • Total U.S. oilseed production for 2011/12 is projected at 91.0 million tons, down slightly due to a small reduction in cottonseed.

China is reportedly buying its own corn from farmers in three provinces to boost state reserves.  Brazil’s soybean harvest is starting early, enabling producers there to cut into U.S. export prospects.

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