Central US Weather Pattern Discussion
Wet East/Dry Wet Pattern Stays in Place through Late March; Temps Cool Next Week: The Central US forecast is consistent with prior runs and broadly stagnant into March 25. Lite/moderate rain will slide into NE & IA on Thurs-Fri, but otherwise meaningful precip stays confined to the Delta/Southeast & Eastern Midwest. Temps cool to more…
AgResource Hog Comment and Analysis
Hog Futures Correct on Slowing Cash Rally: CME hog futures were lower to start the week, with the market extracting premium from nearby April. July and August futures both set new contract highs but finished a little lower for the day. The CME cash hog index was unchanged from Friday at $81.48, and AgResource estimates…
US Meat Trade in January
The March International Trade report released last week showed that US pork exports slipped to a 3-month low of 588 Mil Lbs in the month of January. However, the January export rate was still 32 Mil Lbs or 6% larger than a year ago. January exports to Mexico were 7 Mil Lbs (3%) larger than…