For many weeks, feeder cattle prices maintained strength while fed cattle prices dipped. That seems have to changed in recent days.
New-crop corn futures have traded within a dime of $3.50 for most of the past month, and may need a weather scare to spark a rally. For soybeans, South America’s weather could boost prices.
Beef exports remained stable while pork exports dropped in July, according to a USDA report.
As summer turns to autumn, Don Roose has a piece of advice for farmers: Use the carry to your advantage.
Corn and soybean futures dropped this morning after USDA increased its crop estimates from last month.
Hog prices have moved downward over the past couple of weeks as large numbers of pigs head to market.
Market analysts saw a potential repeat of last year’s seasonal low coming at the end of August, as corn futures rallied Aug. 31 after forced sales from delayed pricing contracts helped to set new contract lows Aug. 30.
After a robust few months, the cull cow market is weakening and will continue to soften through the fall.
Farmers in some of the primary corn-producing states have been expressing concern about the difference between crop progress reports and crop yield reports in recent weeks.
Near-trend U.S. corn yields and above-trend U.S. soybean yields defied expectations for the USDA’s World Agricultural Supply and Demand report issued Aug. 10.