Loading sequence for 2023! How 2022 shaped the outlook for the new year

Dairy Herd size fluctuations Price volatility looks to calm Economy & energy Stock market will look better than 2022 No big drops to energy due to plentiful reserves Sugar Weather concerns for the #11 crop Expect great #16 crops from Louisiana and Florida Beet crops will be planted on time! Corn Acreage will compete once again with soybeans Prices releasing by Q4? Wheat Increase in production for U.S. Decrease on the global front Edible oils Optimism once we get through Q1 Prices should equalize between soybean oil and canola oil McKeany-Flavell’s Spring Seminar coming April 26, 2023! Mark your calendars Registration opens in January Happy Holidays! Host: Michael Caughlan, President & CEOExpert: Jeffrey Rasinski, ConsultantExpert: Shawn Bingham, Director of Risk ManagementExpert: Craig Ruffolo, Vice President – Commodity SpecialistExpert: Eric Thornton, Commodity SpecialistExpert: Nicole Thomas, Vice President – Information Services