February 04, 2013 | Views on the News | | Views: 201

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

Weekly Cash Comments

February 27, 2015 | Grain Hedge Insights | Cody Bills

Corn basis saw modest growth this week advancing 2 cents a bushel on average across the country, but bean basis was unchanged thanks to higher futures and better farmer selling.

 

In corn, basis levels were up largely driven by strength at ethanol plants in the Western Cornbelt. On...

[Read More]

Grains Higher Going into Friday

February 27, 2015 | Grain Hedge Insights | Cody Bills

In the overnight the grains traded higher with corn up ¼ of a cent, soybeans up 3 ½ cents and wheat up 6 ¾ cents going into this morning’s pause. Wheat seems to be bouncing higher this morning after holding a major support level of $4.92 ¼ which was the low back on February 2nd. Today is...

[Read More]