“Party over” for corn market bulls after USDA acres, stocks surprise
By Bruce Blythe, Business Editor

Corn futures in Chicago plunged to the lowest levels in more than three months after the government reported higher than expected acreage and stockpiles, indicating easing pressure on tight grain supplies and relief for livestock producers squeezed by soaring feed costs. The nation’s farmers sowed 92.28 million acres to corn this year, up 4.6 percent from 2010 plantings and the second-highest total in the past 67 years, the U.S. Department of Agriculture said in its Acreage report June 30.  To read more..

 

Iowa Select Farms responds to undercover video (audio)  

Dr. Howard Hill of Iowa Select Farms responds to undercover video released by Mercy for Animals on June 29. Agritalk reports reactions to the video, information regarding the undercover informant and more. To listen to the audio…

 

Video focuses on Iowa Select Farms; industry responds 
By Marlys Miller, Editor

On June 29, Mercy for Animals released the latest undercover video that purports to show “animal abuse” on an Iowa Select Farms’ operation near Kamrar, Iowa. The animal rights group released the video at four consecutive news conferences held in Seattle, Des Moines, Cincinnati and San Francisco, the headquarter cities of Costco, Hy-Vee, Safeway and Kroger. Iowa Select is the fourth largest pork producer in the United States, and has operations throughout Iowa. To read more…

 

Pork outlook looks up as corn prices go down
By Chris Hurt, Purdue University

Pork producers are maintaining the size of the breeding herd in the face of a very uncertain financial outlook. This cautious position would be expected given the wide swings in both hog and feed prices evident this spring. In addition, little change should be expected in the hog herd until the feed supply situation is better known this fall. To read more…

 

Prospect for higher corn acres won’t alter tight supply outlook 
By Bruce Blythe, Business Editor

The nation’s farmers probably planted more corn than the government projected earlier this month, analysts say, though that will do little to alter an outlook for tight supplies and high prices into 2012. About 90.78 million acres were planted to corn this year, based on the average estimate in a Dow Jones Newswires survey of analysts before the U.S. Department of Agriculture’s annual Acreage report June 30. To read more…