Latest News From Fran Howard

Global feed production is expected to contract for the first time ever next year.

USDA dropped feed usage by 725 million bushels in its August WASDE, and some expect the department to lower feed demand further on Wednesday.

Thin pastures and meager forage supplies prompt producers to seek alternative feed sources.

While wheat supplies are still heavy, by 2013 some analysts think wheat prices will reflect the human food market, rather than the animal feed market.

U.S. beef herd liquidation may be one of the largest ever

U.S. beef herd liquidation may be one of the largest ever

Cattle numbers are likely to be even tighter next year and in 2013.

A drop in corn stocks means prices are headed higher. These anticipated unprecedented levels mean more corn in 2011.