Healthy Heifer
DNA Profiling
Suppl./Nutrition
Pasture & Rangeland
My Beef Checkoff
Crop markets trading both sides on Friday morning
- NMSU to host youth ranch management camp
- Assessing how you stand financially
- 2012 Alltech Symposium to envisage the world of 2050
- Organization makes generation donation in support of farm safety
- Money ahead before a calf hits the ground?
- Brent crude ends near $123/bbl, 9-month high, on Iran
- USDA website supports America’s future farming generations
- Rains green things up, but hay, grazing still in short supply
- Corn and wheat futures post good gains on Wednesday
- Cold Storage: Beef in freezers up 4 percent from last year
- Feedyard margins – Wow! Packer margins – Ouch!
- Traits that add value to calves
- Fed cattle to new records; feeders, boxed and retail beef advance
- Online weather resources
- Fewer farms and bigger farms
- Farm safety expert: Know what's in proposed child labor law
- D.C. Watch: Obama budget cuts farm programs
- Fading La Nina may be too late for southern U.S. drought
- Iowa State University releases animal-ag research report
- Commentary: A matter of triage
- No more pizza sticks and red sauce
- Worker shortage puts billions of ag production in jeopardy
- Beef’s carbon footprint gets trimmed in video, webinar
- Commentary: 'Get your paws off our laws!'
- NCBA: Partnering with extremist groups bad news for US ag
- Colostrum: What makes it work for the calf?
- EPA advanced E15 availability
- Commentary: HSUS (finally) under scrutiny
- Jolley: Five Minutes with Bill Donald, the exit interview
- Jolley: Five Minutes - John Nalivka & the shrinking cattle herd
Corn futures are trading mostly higher at midsession. Weakness in the dollar index and firm cash markets are supporting front end contracts. Increased export demand and light farmer selling has been supported basis. But gains in futures are being limited by weakness in equities markets and spillover selling from the soybean and wheat pits. March is 2 3/4 cents higher at $6.37 1/4 and May is 3 1/4 cents higher at $6.43 1/4.
Soybean futures are trading lower at midday. Weakness in the equities market and profit-taking from recent gains are pressuring the market.
Export demand has slowed as China celebrates its New Year. South American weather will continue to be watched. Hot and dry weather is expected in Argentina, but some rain showers are expected next week. Drier weather will benefit harvest in some areas of Brazil. March is 4 1/2 cents lower at $12.18 1/4 and May is 4 1/4 cents lower at $12.27 3/4.
Wheat futures are mostly lower at midsession. Light profit-taking is weighing on futures after the market traded higher the previous six sessions. But losses are being limited by further weakness in the dollar index overnight and spillover support from corn. Export demand is expected to improve as Russian wheat has become more expensive. They may halt exports soon. In addition, much of the wheat crop is vulnerable to a cold snap this week due to the lack of snow cover. CBOT March is 1 3/4 cents lower at $6.51 3/4, KCBT March is 3 3/4 cents lower at $7.05 1/4 while MGE March is 2 1/2 cents higher at $8.29 3/4.
Cattle futures are trading narrowly mixed at midsession. Trade is choppy amid pre-report positioning ahead of the semi-annual Cattle Inventory report and as traders wait for the cash market to develop. The report is expected to show the total herd size down 1%-2% from last year. Cash trade is currently expected to be near unchanged from last week. February is 15 cents lower at $124.40 while June is 23 cents higher at $126.73.
Lean hog futures are trading higher at midday. Strength in the cash market on Thursday is supporting futures. However, gains are being limited as packer processing margins have fallen further into the red. Pork cutouts were down 88 cents on Thursday. Outside markets are mixed as the dollar index is lower, but the stock market is also trading lower this morning. February is 55 cents higher at $86.50 and April is 25 cents higher at $87.05.
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