2012beof-111206092256-phpapp02

If dry land corn yields improve in 2012 colorado corn

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 00 450 400 Wheat 350 Corn 300 250 200 150 100 50 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Bloomberg (No. 1 hard red winter – ordinary protein, Kansas City, MO and USDA Toledo No. 2 Yellow Corn Not on the River Spot Price), through November 8, 2011. 17 2012 Colorado Business Economic Outlook Agriculture continued from page 17 production is projected to be very near the record 2010 crop output. Corn prices have proven to be among the most volatile of any crop in recent years. Colorado’s five ethanol plants have capacity to utilize 55 to 60 million bushels of corn annually, and produce 140 million gallons of ethanol every year. At maximum capacity, these plants could use nearly half of all corn produced in the state. Corn prices will continue to have a major impact on Colorado’s livestock industry profitability and animal numbers. Colorado hay prices soared in 2011 in response to supply shortages in drought-stricken states and a reflection of sharply higher prices f...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online