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Demand strength boosts soybeans on Tuesday at midday

Planting conditions are still weighing on corn futures. U.S. corn plantings reportedly were 19% complete on Sunday, which matched industry expectations. However, forecasts for extended dryness and surging short-term progress appears to be weighing on prices, since the industry expects plantings to zoom ahead this week. However, prices bounced around midsession, which may have reflected improved country bids. May corn futures edged up 0.25 cent to $3.61/bushel late Tuesday morning, while December skidded 0.75 to $3.825.

Markets

Sterling Profit Tracker: Packer margins improving slowly

Farrow-to-finish margins continued on a slow, but steady, march toward the black last week, reaching negative $8.14 per head, compared to negative $10.67 per head, according to the Sterling Pork Profit Tracker. Lean hogs were up slightly, reaching $65.22 per hundredweight, compared to $64.44 the previous week.

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Tyson Foods plans to cut human antibiotics in U.S. chicken flocks by 2017

Tyson Foods Inc, the largest U.S. poultry producer, plans to eliminate the use of human antibiotics in its chicken flocks by September 2017 - one of the most aggressive timelines yet set by an American poultry company. The Arkansas-based chicken and meat giant also said it is working on ways to curtail such on-farm drug practices at its other protein businesses, which include pork and beef.

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