The December International Trade report showed that US exporters shipped 502 Mil Lbs of pork during the month of October, the largest amount in 5 months and also the largest October export total on record. Total exports for the year now stand at 4.8 Bil Lbs or 5% more than a year ago, versus the…
Feb hog futures fell sharply from the morning open, but found support at midday and were near the high at the close. The cash index resumed it’s grind lower and was down 4.21 at $56.19. The week’s hog kill was estimated at 2.558 Mil head, up 1% from both last week and a year…
Soybeans were able to break away from weakness in US financial markets and followed the week market higher through Friday trading. Spot futures marked the highest close since early June and finished $1.06/bu over the low that was scored in late July. Funds were estimated buyers of 5,000 contracts, and the week buying close to…
US & EU wheat futures rallied along with other raw materials. And in the case of wheat there’s still concern over availability in Russia and a potential slowdown beyond December. Interior Russian wheat & flour prices are higher this week. Russian fob offers have rallied a quick $6/MT ($.16/Bu), basis spot. US weekly export sales…
March corn rallied 3 cents on rumors that China could indeed be in the market for US ag goods. No details are available, but during the 90-day truce breaks will find support. US weekly export sales were a sizable 46 Mil Bu. This is down 3.5 Mil from the prior week but well above the…
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