AgResource Hog Comment and Analysis
Hog Futures Rally as February Expires: CME hog futures rose to strong gains at midweek, supported by firming cash trends as February hogs expired. February went out $75.175 versus $75.675 last year. The rest of the market saw strong gains, led by a $3.45 gain in April, while all summer contracts were above $96. August…
Central US Weather Pattern Discussion
North American Pattern Remains Stuck into Early March: Lite rain/snow is forecast in the eastern Midwest beyond Feb 25, but otherwise the EU and GFS models are consistent in keeping meaningful precip into end of Feb confined to the West Coast and Delta/Southeast. Pattern stagnation has emerged. Dryness in early spring accelerates corn planting across…
USDA Farm Data Update
NASS released its annual Farms and Land in Farms report earlier this week. The data was collected during the June Agriculture Survey, and NASS defines a farm as “any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold during the year”. Additionally, acreage enrolled in…
