Why are markets not reflecting realty with the grain trade?
StoneX on yield information released this week-how are producers reacting?
Dakota Pipeline will not get shutdown while the case is heard-good for grain
Lebanon explosion and the need for grains…port issues due to the explosion
Hog prices are stagnate
Cattle prices continue to trend higher
Crop progress report
Yield information that wasn’t a big surprise to the trade
Collusion in grains?
China buying more grain as they ramp up hog production
Struggles in the cattle market
Major export business this week
Battle between good weather and crops
Is there inflationary concern with the dollar?
Record prices in China…how short are they on food?
Little boy that called woof.
Dairy price update
DC Court of appeals decision Dakota Access Pipeline-removing risk for farmers
Higher crop ratings…some ratings the highest in 10 years
Some export business for wheat out of Kansas City
Hogs see triple digit losses…roller coaster in general for the livestock
Break in product prices.
Cash for cattle sparce
Safety for workers
Fear factor continues to reign
Corn was able to turn higher at the close
Beans at & above $9
How much is China’s flooding being factored into the markets?
China’s hungry for proteins
China & a somber note with the Consultant in Houston
China did and another make purchases of soybeans
Cash trade Chinese buyers looking at corn & wheat
Growing amount of evidence their temp reserve is almost empty
Gasoline consumption took another drop
Restaurants continue to shut down after reopening
Is corn stuck in a range or can we test contract lows
Beans had some resistance nearing $9
Long term weather
Cash cattle coming in steady
Consumer demand moving forward
How has boxed beef been affected?
Kids going back to school…will we see the surge in buying
Are the cattle current? Social media dumpster fire
The market complex as a whole do you even want to look at tweets
Exports have been good
China flooding concerns for their crops
Crop ratings come out this afternoon
Rains will be hit and miss along with the heat
Ethanol demand concerns
Impressive on the cattle market to go from cash to futures premium
Should we have protection going into August
Look at the cattle show list
Triple digit losses in both the cattle & the hogs
The U.S. Meat Export Federation released an updated version of an independent study aimed at quantifying the value that red meat exports provide U.S. corn and soybean farmers.
The independent study was conducted by a company called World Perspectives, Incorporated. Since 2015, indirect exports of corn and soybeans through beef and pork exports have been the fastest-growing category of corn and soybean use. That’s delivered critical returns for corn and soybean producers. These farmers support the international promotion of U.S. beef, pork, and lamb, by investing a portion of their checkoff dollars in market development efforts conducted by USMEF.
In 2019, U.S. beef and pork exports used 480 million bushels of corn. Corn revenue generated by pork exports totaled $1.8 billion. Last year, U.S. pork exports used 2.12 million tons of soybean meal, equivalent to 89.2 million bushels of soybeans, that generated $751.7 million in revenue.
Beef and pork exports also used approximately three million tons of DDGS, which generated $411.8 million in revenue for ethanol’s co-products. USMEF President and CEO Dan Halstrom says, “We greatly appreciate the foresight and confidence shown by the corn and soybean sectors when they invest in red meat exports. This study proves the value delivered by that investment.”
From weather to more buys from China, this weeks grains had two main players. This week’s Trading Bits & Bytes features Darin Fessler with Lakefront Futures.