|By PR Newswire||
|April 8, 2014 12:30 PM EDT||
DENVER, April 8, 2014 /PRNewswire/ -- Record-high animal protein and dairy prices, volatile grain and oilseed prices, and steady-to-lower cropland values reflect agricultural markets in transition, according to CoBank's new quarterly economic report.
The U.S. grain markets continue to anticipate record crops in the coming year, leading to higher inventories and lower prices. While the large 2013-14 grain harvest pushed prices moderately lower, grain stocks remain low by historical standards, according to the CoBank report titled "Cautious Optimism Prevails." Lower expectations for South American corn and soybean production contributed to an early-year price rally, but final harvest estimates will continue to sway markets.
In the coming weeks, markets will increasingly look to U.S. spring weather for direction. The winter wheat crop is entering key development phases with a lack of moisture in the Southern Plains, and the final mix of corn and soybean acres is still to be decided. If USDA's initial 2014 acreage estimates prove accurate, and if yields return to trend, inventories will build for all three crops in 2014-15. However, spring planting has been delayed by continuing cold weather, and the markets are jittery.
"Despite the recent rally, lower corn prices this year have bolstered the animal protein and dairy sectors," said Leonard Sahling, director of CoBank's Knowledge Exchange division, which produced the report. "These industries are already enjoying major improvements in their profit margins and are aggressively rebuilding balance sheets after the stress of record high feed costs over the past several years. The consensus view for these sectors is that the best is yet to come."
For now, however, Sahling noted that the porcine epidemic diarrhea virus (PEDv) continues to cast a cloud of uncertainty across the animal protein industries. Constrained supplies in the beef and pork sectors have driven prices up to near record highs, yet demand for beef and pork has remained surprisingly resilient in the face of these high prices.
The U.S. dairy industry is transitioning from one of shortage to one of surplus. Milk production has begun to increase, exports are taking a breather along with domestic sales, and dairy product prices appear to have topped out and begun to recede. Still, dairy producers and processors remain upbeat about their prospects for the coming year.
CoBank's Knowledge Exchange Division is a knowledge-sharing practice that provides strategic insights regarding the key industries served by CoBank. Knowledge Exchange draws upon the internal expertise of CoBank, deep knowledge within the Farm Credit System and boots-on-the-ground intelligence from customers and other stakeholders to enhance the collective understanding of emerging business opportunities and risks.
For a full copy of the report, click here.
CoBank is a $98 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation's rural economy. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
For more information about CoBank, visit the bank's web site at www.cobank.com.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 30, 2016 08:24 AM EDT
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Sep. 30, 2016 08:15 AM EDT Reads: 524
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 30, 2016 08:15 AM EDT Reads: 1,701
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 30, 2016 08:00 AM EDT Reads: 4,218
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 30, 2016 08:00 AM EDT Reads: 2,152
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Sep. 30, 2016 08:00 AM EDT Reads: 2,820
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 30, 2016 08:00 AM EDT Reads: 562
Sep. 30, 2016 08:00 AM EDT
Sep. 30, 2016 07:30 AM EDT Reads: 128
Sep. 30, 2016 07:15 AM EDT Reads: 3,272
Sep. 30, 2016 07:15 AM EDT Reads: 2,244
Sep. 30, 2016 07:00 AM EDT Reads: 3,466
Sep. 30, 2016 07:00 AM EDT Reads: 2,338
Sep. 30, 2016 07:00 AM EDT Reads: 1,507
Sep. 30, 2016 06:15 AM EDT Reads: 1,130