Markets

Downturn resumed in the crop markets

Corn futures gave up early gains and proved vulnerable on Thursday morning. Pressure was from the weather forecasts that call for below normal temperatures and normal to above normal precipitation for the next week to ten days, which is nearly ideal for corn pollination. FULL STORY »

Corn net sales climb 25% higher

In the USDA’s latest Weekly Export Sales report, corn net sales for 2013-2014 were up 25 percent from the previous week at 363,000 metric tons (MT). FULL STORY »

Pork net sales slip another 27%

According to the USDA’s latest Weekly Export Sales report, pork net sales of 8,900 metric tons (MT) for 2014 were down 27 percent from the previous week and 19 percent from the prior 4-week average. FULL STORY »

Corn futures end Wednesday lower

Corn futures ended the day with lower quotes. That marked the seventh consecutive session of weakness. The corn prices fell to the lowest since August 2010 on a continuous chart. FULL STORY »

PEDv outbreak kills 14,286 pigs daily

“I’ve been a vet since 1981, and there is no precedent for this,” explains Paul Sundberg, vice president for science and technology at the National Pork Board. “It is devastatingly virulent.” FULL STORY »

Corn futures still sliding Wednesday morning

Corn futures continued sliding. If the weakness holds through the day it will mark the seventh consecutive session of lower closes FULL STORY »

Food service experts benefit from visit to Iowa hog farm

Representatives of several of the nation’s most respected food retailers toured the Craig and Carol Christensen hog farm near Ogden and enjoyed great food at the restaurant they own during a whirlwind visit to Iowa last month. FULL STORY »

Farrow-to-finish margins stay above $100 per head

Farrow-to-finish margins stayed above $100 and increased to $103.81 per head the week ending July 4 compared to $101.44 the previous week, according to the Sterling Pork Profit Tracker. FULL STORY »

Soybeans fall to lowest level since February

Corn futures struggled to avoid sustained losses in Tuesday trading. However, prices were traded lower at close as bearish sentiment was reinforced due to the ideal crop weather that is supportive for maintaining good crop conditions. FULL STORY »

Brumm Speaks Out: USDA Hogs and Pigs inventories, densities

This past week I’ve been reviewing pig inventories as reported in both the Jun 1 USDA Hogs and Pigs report and the 2012 USDA Census of Ag. FULL STORY »

Crop markets are much lower on Tuesday morning

Corn futures struggled to avoid sustained losses and tried to stabilize Tuesday after the contracts fell to multi-year lows. FULL STORY »

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