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Natural gas prices respond to increased power burn

Prices vary slightly, but flat in many market locations. At the start of the report week, temperatures were generally above average in the East, South, and West, though below average in the Midwest and Rockies.


Morning Farm Report: Crop prices drop

Live cattle prices fell from $143.85 on Monday to $143.68 on Tuesday, a 17-cent decrease that brought the 27-day average price to $146.56. Feeder cattle prices increased seven cents to $210.90. The 27-day average price is now at $212.80.

Lean hog prices jumped from $65.83 on Monday to $67.50. The $1.67 increase brought the 27-day average price to $74.47.

Corn prices fell three cents to $3.66, while wheat dropped eight cents to $4.95.


Retail diesel prices fall

U.S retail diesel prices dropped an average of five cents to $2.56 this week, bringing the 27-day average price to $2.82. The West Coast, Gulf Coast and New England regions saw the largest drop of six cents, while the Rocky Mountain region saw the smallest of only three cents. The Gulf Coast region has the lowest gas prices in the country at $2.41 this week. The Central Atlantic region has the highest at $2.78.


Morning Farm Report: Cattle prices drop

Live cattle prices fell hard from $145.43 on Friday to $143.85 on Monday, a $1.58 drop that resulted in the 27-day average price being $146.67. Feeder cattle prices also dropped by $1.17 to hit $210.83 on Monday, bringing the 27-day average price to $212.96.

Lean hog prices saw a jump on Monday, increasing $3 to hit $65.83. The 27-day average now rests at $74.77.

Corn increased four cents to $3.69 and wheat increased three cents to hit $5.03.


Soybeans extend gains after China cuts rates

U.S. soybeans rebounded off a more than six-year low on Tuesday, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check.


Hog Outlook: Retail pork prices grew to $3.77 per pound in July

The retail pork price grew by 7 cents per pound in July to $3.77. This was the largest month to month gain since last August, but the retail price is still 45 cents lower than the record set last September. While the July composite retail pork price trailed the year ago level by 8.7 percent, the change in individual items varied, with sliced bacon down 13.7 percent vs. last July and boneless pork chops up 1.9 percent. The composite retail chicken price remained in a range of $1.93-$2.03/lb. for the 27th consecutive month, providing steady competition in the meat case.


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