Wheat was the big gainer last week but this week it gave up most of those gains. And soyoil was last week’s biggest loser but it rose to the top this week. Lean hogs also staged a major reversal after losing 1.32 percent last week and then rising 4.1 percent this week.
Where there is smoke, there is fire, and after days of rumors about soybean sales to China, USDA announced this morning that a deal had been made. Corn and soybeans are under harvest pressure but also weather uncertainty in South America. Argentina will grow less corn, but the weather is currently conducive to producing a crop. Brazil remains too dry in the main central growing region, but that could change, and if it improves, the current strength in Ch...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Tuesday’s CPI report from the Bureau of Labor Statistics (BLS) showed inflation roaring back stronger than expected in October. That probably locks in another rate hike – which was expected anyway – at the Federal Open Market Committee (FOMC) meeting in December. Consumer pric...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
