Markets

Markets

Cattle Outlook: U.S. herd has grown

The January cattle inventory survey said the U.S. herd has grown for the second consecutive year. According to USDA, the country started 2016 with 92 million cattle and calves, up 3.2% from a year earlier and the most cattle at the start of a year since 2011. The 3.2% increase is the biggest annual inventory increase since 1974. USDA lowered their estimate of the January 2015 cattle inventory by 657,000 head.

Markets

Weather expert predicts $6 corn

Would you believe a $6 to $7 corn price prediction? Bill Kirk, a weather statistician and owner of Weather Trends 360, asserts that corn prices could hit the $6.50 to $7 range this summer. According to his weather outlook, 2016 will mean lower yields both in the U.S. and in Brazil, reversing the current supply and demand debacle.

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