Managing for Profit

CattleFax discusses feed costs for 2015

At the recent Cattle Industry Convention in San Antonio, the market analysis firm CattleFax issued its forecast for 2015 corn production and prices.

Analyst Mike Murphy told attendees that he expects corn acreage to be down two million acres in 2015.  Assuming a yield this year that is closer to trend line—in the low 160’s—that equates to a 13.3 to 13.5 billion bushel corn crop.

Murphy also predicts spot corn futures prices to average $3.60 per bushel in 2015 compared to $4.16 last year.

On today’s program, we present some excerpts from Murphy’s remarks.

AUDIO: Mike Murphy