Outlook for US feed prices up
Pork, broiler production also forecast to rise
Feed grain prices are expected to rise in 2010-11, according to a new report from the U.S. Department of Agriculture Economic Research Service. The July 13 Feed Outlook report forecasts an increase in prices for corn, sorghum, barley and oats this month, with ending stocks projected lower. Feed grain production and planted harvest area are projected to be up from 2009 for corn, offsetting reductions for sorghum, barley, and oats.
The report also detailed an increase in pork and broiler production in 2011. Data shows a 2% increase for pork as hog farmers continue to see gains in pigs per litter. Hatchery figures show growth in bird numbers and increasing weights, with broiler production expected to be up 3% in 2011 from 2010 projections.