Markets

Ag markets moved mostly higher Tuesday morning

Corn futures are rallying Tuesday morning. Monday’s weekly USDA Crop Progress report stated the corn harvest as being just 31% complete, which apparently sparked a corn futures bounce from their overnight decline. FULL STORY »

U.S. has right to require labeling of meat

National Farmers Union (NFU) President Roger Johnson said that today’s ruling by the World Trade Organization (WTO) on Country-of-Origin Labeling (COOL) can be handled by the U.S. Department of Agriculture (USDA), and reminded lawmakers of the strong support by the public and in rural America for the popular labeling law. FULL STORY »

NPPC urges changes to COOL

Following the release today of the World Trade Organization’s decision on the U.S. meat labeling law, the National Pork Producers Council urged the Obama administration and Congress to fix the law to avoid trade retaliation from Canada and Mexico. FULL STORY »

Record harvests are not pushing up export sales

The largest U.S. grain harvest in history has pushed prices to four-year lows, which usually means a sales bonanza for the world's largest food exporter. Not this year. FULL STORY »

Commentary: Wean Pig and Swine Facility Insights

This market update is a PorkNetwork weekly column reporting trends in weaner pig prices and swine facility availability. All information contained in this update is for the week ended October 17, 2014. FULL STORY »

Hog Outlook: Hog prices lower this week

Calculations by Lee Schulz at Iowa State University indicate the typical market hog sold in September earned a profit of $66.15 per head. FULL STORY »

Steers and lower corn prices boost cattle dressed weights

Despite recent and current positive cattle feeding margins, increases in feeder cattle prices are offsetting declines in corn prices, signaling continuation of positive margins. FULL STORY »

Wet October hampers Missouri harvest

Missouri farmers are frustrated as a wetter-than-normal October is slowing down the harvest. The forecast calls for less rain but slower drying. FULL STORY »

Obama, Japan PM discuss TPP trade deal, Ebola

The Ebola virus and the Trans-Pacific Partnership were the primary topics of conversation in a phone call between President Obama and Japanese Prime Minister Shinzo Abe. FULL STORY »

Natural gas spot prices fall

Spot prices fell over the report week at most market locations, with northeastern pricing points reaching record lows in Friday trading before reversing losses at the end of the report week (Wednesday-to-Wednesday). FULL STORY »

Role of benchmarks in the global crude oil market

The Brent-WTI spread, the difference between the front month futures price of North Sea Brent crude oil and that of West Texas Intermediate (WTI) crude oil, narrowed to $2.00 per barrel (bbl) as of October 15, after reaching a 2014 high of $14.95/bbl in January (Figure 1). FULL STORY »

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