Corn Crop Poised to Be Second Largest
Tuesday’s Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports from the U.S. Department of Agriculture (USDA) were welcome news for grain users. USDA increased its...
Demand-Driven Rally Tied to Exports
The hog price rally that I wrote about two weeks ago has now carried U.S. farm-level hog prices to near-record highs (see Figure 1). This week will almost surely beat...
Ag Secretary Schafer Disappoints
Wednesday was a disappointing day for livestock feeders as the USDA once again turned its back on helping reduce the huge increase in livestock production costs. Secretary of Agriculture Ed Schafer announced that USDA...
Hog Market Trifecta Welcomed News
Continued high hog slaughter, a major rally in the pork cutout value and gross packer margins at their highest level since February 1999 – and all of this is happening in July, no less!...
Watch for Feed Buying Opportunities
What we characterized as a “small decline in projected hog feed costs” last week is developing into a potential buying opportunity for pork producers....
Plan Survival Strategies
Glenn Grimes, University of Missouri professor emeritus of agricultural economics, began his outlook talk at World Pork Expo with a stern warning: If...
Corn Prices Finally Pushed Lower
Good growing conditions and what some feel is an ambitious yield estimate from Informa Economics pushed corn futures prices lower last week, providing some much-needed...
Smithfield Sells 5% of Stock To Chinese Company
The nation’s largest pork production and processing firm is selling nearly a 5% stake in its business to a Chinese company...
Tracking the Corn Crop
Before we contemplate business, let us first contemplate freedom as we prepare to celebrate the most important day in our nation’s history. Fifty-six visionaries signed...
Anxiously Awaiting Hog and Crop Forecasts
All eyes turn to USDA reports as agency statisticians publish estimates of hog numbers on Friday and, perhaps more importantly, crop acreage and grain stocks on Monday. Watch your e-mail on Monday for our summary...
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