USDA Shocks Markets
On Friday morning, the U.S. Department of Agriculture released its “Planted Acreage” report that shocked markets by showing far more corn acres and fewer soybean acres than anticipated. After a terribly wet spring and widespread…
Hogs Fall on Record Pork Production
The price of livestock took a tumble this week, led by hogs which dropped due to slow sales to China. Hogs hit the lowest level in many months and touched the permissible “limit down” on…
Too Late to Plant
Millions of acres have gone unplanted as the dry weather so desperately needed by Midwest corn farmers never came. Though some farmers are switching to plant soybeans, many in the Eastern Corn Belt never turned…