Lot 54

Roberts Angus - Annual Angus Bull Sale
Live Event Started: 2/28/21 3:00 PM (CST)

Bidding

Sold For $5,750.00

WHEAT BALANCE SHEET: Ending stocks projected at 862 million bushels, down 15 million bushels from last month. (VIEW REPORT)
WASDE WHEAT: The outlook for 2020/21 U.S. wheat this month is for slightly smaller supplies, unchanged domestic use, higher exports, and lower ending stocks (VIEW REPORT)
WHEAT OUTLOOK (WASDE): Supplies are raised on increased production, which is up 44 million bushels to 1,781 million, on an increase in harvested area and higher yields
COARSE GRAIN OUTLOOK (WASDE): Corn production for 2022/23 is forecast 45 million bushels higher based on greater planted and harvested area from the June 30 Acreage report. The yield is unchanged at 177.0 bushels per acre
OILSEED OUTLOOK (WASDE): This month’s U.S. soybean supply and use projections for 2022/23 include lower beginning and ending stocks and higher prices
WASDE SOYBEANS: With exports unchanged, soybean ending stocks for 2020/21 are projected at 175 million bushels. If realized, ending stocks would be the lowest since 2013/14 (VIEW REPORT)
WHEAT BALANCE SHEET: The projected season-average farm price (SAFP) is raised $0.10 per bushel to $7.60 on expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13
LIVESTOCK, DAIRY & POULTRY OUTLOOK (WASDE): Beef production is raised for the second half with lower expected carcass weights and lower third-quarter slaughter more than offset by higher fourth-quarter slaughter
CORN BALANCE SHEET: Exports projected at 2.5 billion bushels, unchanged from last month. Ending stocks unchanged at 1.44 billion bushels
DROUGHT MONITOR: Drought improves slightly... 65.59% of the contiguous U.S. in drought this week, compared to 66.48% last week and 56.22% last year
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