Outlook Update
OU 310August 9, 1996

AG ECONOMISTS' NATIONAL OUTLOOK SURVEY RESULTS

H. M. Harris, Jr.
Extension Ag Economist

Each year the American Agricultural Economics Association conducts an annual commodity price outlook survey. Below are some of the consensus results: 



                             Livestock, Poultry and Milk

                                                1996 (quarters)            
------------------------------------------------------------------------------
                                      I       II     III     IV       Annual
------------------------------------------------------------------------------
                                                     (estimated)
Choice Slaughter Steers             63.06   60.16   63.98   64.60     63.03 
1100-1300 lb, Nebr.                                                         
   ($/cwt)                                                                  
                                                                            
Feeder steers, med. frame #1        58.11   56.87   59.73   61.92     59.16     
 750-800 lb, OkC ($/cwt)                                              
                                              
Barrows & gilts, Iowa/Minn.         46.23   54.90   56.10   51.39     52.38
    ($/cwt)                                  
                                              
Broilers, 12 city area (/lb)        56.20   61.00   61.10   56.06     58.80 
                                              
Eggs, NY, Grade A lg (/doz)         89.60   80.50   72.30   75.30     79.40 
                                              
Milk, 3.5% BF, M-W ($/cwt)          12.67   13.70   14.16   13.98     13.62 
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                      Livestock, Poultry and Milk (continued)

                                                1997 (quarters)            
------------------------------------------------------------------------------
                                      I       II     III     IV       Annual
------------------------------------------------------------------------------
                                                 (estimated)
                                                                              
Choice Slaughter Steers             64.98   64.18   63.82   64.73     64.74 
1100-1300 lb, Nebr.                                                           
   ($/cwt)                                                                    
                                                                              
Feeder steers, med. frame #1        61.80   62.28   63.80   65.60     63.10
 750-800 lb, OkC ($/cwt)                                                   
                                                                          
Barrows & gilts, Iowa/Minn.         53.00   55.88   55.80   50.10     54.10
    ($/cwt)                                                                   
                                                                              
Broilers, 12 city area (/lb)        57.25   60.75   60.25   58.50     59.25  
                                                                              
Eggs, NY, Grade A lg (/doz)         81.00   78.30   73.10   76.00     77.10  
                                                                              
Milk, 3.5% BF, M-W ($/cwt)          13.48   13.41   13.01   13.06     13.23  
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                                    Crops                   
------------------------------------------------------------------------------
                          1996-97                 Low Price        High Price
                  U.S. Average Farm Price              July  96-June  97   
------------------------------------------------------------------------------
                        
Wheat                   4.80                        4.34                5.45 
                                                         
Corn                    3.28                        2.93                4.04 
                                                         
Cotton                 72.50                       67.26               76.67 
                                                         
Soybeans                7.45                        6.80                8.45 
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                            Land values, January 1
                                   % Change
------------------------------------------------------------------------------
1995               1996             1997                1998
------------------------------------------------------------------------------
+6.3               +6.4             +7.4                +7.4
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THE CLEMSON UNIVERSITY COOPERATIVE EXTENSION SERVICE OFFERS ITS PROGRAMS TO PEOPLE OF ALL AGES, REGARDLESS OF RACE, COLOR, SEX, RELIGION, NATIONAL ORIGIN, OR HANDICAP AND IS AN EQUAL OPPORTUNITY EMPLOYER.
COOPERATIVE EXTENSION WORK IN AGRICULTURE AND HOME ECONOMICS--STATE OF SOUTH CAROLINA, CLEMSON UNIVERSITY, U.S. DEPARTMENT OF AGRICULTURE, AND SOUTH CAROLINA COUNTIES COOPERATING.
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