Retail diesel prices drop

Throughout the United States retail diesel prices dropped an average of four cents this week to hit $2.45. The highest drop in the country was in the Midwest region, where prices fell five cents to hit $2.44. The lowest fall was one cent in the Rocky Mountain region. The highest prices are in the West Coast region at $2.65, while the lowest are in the Midwest at $2.44.


Hog prices drop to six-year lows

Live hog prices fell below $40 per hundredweight last week. This means hog prices are at their lowest level since November of 2009 when the U.S. was just beginning to pull off the bottom of the great recession. The source of the current downturn in prices seems to have components from both supply and demand.


Westphalen: Weaner breakevens on the rise

Looking at hog sales in May 2016 using May 2016 futures, the weaner breakeven was $38.92, up $1.79 for the week. Feed costs were up $0.45 per head.


Morning Farm Report: Livestock prices mixed

Live cattle prices saw a slight dip of 20 cents on Friday to hit $129.70. The 27-day average price now rests at $135.44. Feeder cattle prices jumped from $162.45 on Thursday to $163.65 on Friday, bringing the 27-day average price to $184.22.

Lean hog prices also saw a big jump of $2.05 to hit $57.45, bringing the 27-day average price to $59.25.

Corn and wheat prices both dipped one and two cents respectively.


Corn futures were quiet Friday morning

Corn futures were quiet Friday morning ahead of a slow holiday week, down 1 and just 7 cents from the low. Better than expected corn export sales Thursday weren’t enough to lift a market weighed by a world awash in corn and exports that remain behind pace.


Oil companies announce significant write-downs in third-quarter 2015

International and U.S. upstream oil companies wrote down $38 billion in assets in the third quarter of 2015, the largest for any quarter since at least 2008 for this set of 46 companies (Figure 1). Low oil prices continue to have a significant effect on the value of companies' assets and future prospects as well as on current revenue.


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