February 04, 2013 | Views on the News | | Views: 238

Top Three Feed Industry Predictions for 2013

Sustainability, commodity prices, weather top AFIA president's list

While at the 2013 International Poultry & Production Expo (IPPE) in Atlanta, GA, from Jan. 29-31, I caught up with American Feed Industry Association (AFIA) president Joel Newman  to discuss his top predictions for agriculture as we look into 2013. Topping his list:

  1. Focus on sustainability
  2. High commodity prices
  3. Market and weather volatility 

“Feeding a population of 9.1 billion people by the year 2050 is a huge undertaking by the industry, but one that I think we can achieve on a global basis,” expressed Newman.

To meet this challenge, Newman said the AFIA established a sustainability initiative two years ago, which focuses on six key points and relies on a special committee to discuss and make recommendations for addressing those issues.

High commodity prices and market volatility are two more trends Newman predicted will extend into 2013. Companies in the feed industry will benefit from solid risk managements plans because “as we go into spring, we’re all hoping for a successful planting season, but we need to recognize we’re still in a drought condition,” Newman said. “The open question is how will spring planting go and will we have enough moisture to produce a good crop.” 

To watch more of my interview with Newman, click here

More Articles

Will Wheat Bounce?

May 28, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded higher with corn up 3/4 of a penny, soybeans up 3 cents and wheat in Chicago up 3 3/4 cents. Yesterday wheat continued trading lower throughout the better part of a day but bounced off support and closed 6 1/2 cents off its intraday lows. Both...

[Read More]

Can wheat find some support today?

May 27, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session corn is trading down 1 3/4 cents, soybeans are up 3 cents and wheat is down 8 cents going into this morning’s pause. The U.S. dollar is higher again this morning by .35 percent on continued worries out of Greece and the Euro zone. Crude oil is trading down 9 cents.... [Read More]

US dollar up sharply

May 26, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains are trading lower with corn down 2 1/4 cents, soybeans down 1 cent and wheat down 4 3/4 cents. The U.S Dollar is trading up over a percent this morning and crude oil has slipped 68 cents.  Japan is seeking to buy 100,262 metric tons of food quality wheat...

[Read More]