Markets

Soy, wheat markets surged Tuesday

Spillover strength supported corn futures Tuesday. The latest forecasts point to cool mid-April temperatures, but they also imply a stretch of dryness. FULL STORY »

Corn consumption continues to exceed projections

The USDA's WASDE report released on April 9 projected corn stocks at the end of the current marketing year at 1.331 billion bushels. The projection of year ending stocks has declined for five consecutive months and is now 556 million bushels smaller than the November 2013 projection. FULL STORY »

Ukraine-Russia situation apparently boosted wheat futures again

Dry forecasts reportedly weighed on corn futures Tuesday morning. Although the latest forecasts point to cool mid-April temperatures, they also imply a stretch of dryness. FULL STORY »

Monday Market Sentiment: Cash cattle prices decline

Cash cattle prices declined slightly from the previous week, moving the 5-area cash cattle price down $0.38 to $149.38. FULL STORY »

U.S. liquid fuel production slows down

Weather conditions in the Lower 48 states during December 2013 and January 2014 caused operational issues in key producing regions. While a temporary slowdown in well completion activity resulted in flat crude oil production during those months, much of the production slowdown is expected to be made up by accelerated completion activity over the next few months. FULL STORY »

EIA expects global oil consumption to grow in 2014

EIA estimates that global consumption grew by 1.2 million bbl/d in 2013, averaging 90.4 million bbl/d for the year. EIA expects global consumption to grow 1.2 million bbl/d in 2014 and 1.4 million bbl/d in 2015. FULL STORY »

Global oil prices remain uncertain

Brent crude oil spot prices in March averaged $107/bbl. This was the ninth consecutive month Brent crude oil spot prices averaged between $107/bbl and $112/bbl. The Brent crude oil price is projected to average $105/bbl and $101/bbl in 2014 and 2015, respectively. FULL STORY »

Feeder, packer margins fall

Despite falling more than $12 per head last week, cattle feeders are still earning more than $210 per head according to the latest data from the Sterling Beef Profit Tracker. FULL STORY »

Schwieterman: Live cattle futures closed higher

Live cattle futures closed mostly higher on Monday, with most of the gains in the lead April contract. Showlists appear to be smaller than a week ago in most areas. FULL STORY »

USMEF Audio Report: Pork, beef exports to Mexico start strong

U.S. pork and beef exports to Mexico posted very strong results in early 2014, despite concerns about tight supplies and rising U.S. meat prices. FULL STORY »

Ashville Stockyard

MG_LS158 Montgomery, AL Tue Apr 15, 2014 USDA-AL Dept of Ag Market News Ashville, AL Weighted Average Report for 04/14/2014 Receipts: 551 Last Week: 293 Year Ago: 280 Compared to a week ago: Slaughter cow sold mostly steady, bulls sold steady. Feeder steers and bulls FULL STORY »

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