There is an inverse relationship with high prices resulting in lower corn fed per GCAU and vice-versa with the formula explaining about 70% of the variability seen in corn feed use.
Joel Karlin
DTN Contributing Analyst
Joel Karlin, whose charts appear in DTN Grains, is a Commodity Merchandiser/Market Analyst for Western Milling. His specialties include supply-demand analysis, price forecasting, and relative value nutritional analysis.
Prior to Western Milling, Joel was sales and commodity manager at Integrated Grain and Milling and serviced dairy customers for Agway Feed Products in Syracuse, N.Y. He has also been head of grain and oilseed research at Koch Industries in Wichita, Kan., and grains analyst at Shearson-American Express, Lehman Brothers, and Kemper Securities, all in Chicago.
He received his bachelor's degree from Northwestern University and his master's degree from Kansas State University, where his thesis was "Analysis of Forward Contracting by California Dairy Producers on Input and Output Sides Using Least Cost and Profit-Maximization Methods." He's a certified Professional Animal Scientist (PAS) through the American Registry of Professional Animal Scientists (ARPAS) and a member of the American Dairy Science Association.
Recent Blogs by Author
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U.S. corn and soybean stocks-to-use ratios seen in the December WASDE report from the 1990-91 season to the figures furnished last week