Agri Blog
AgOptimus on Acreage Decisions
This week Farm Futures Magazine released their 2022 United States Planting intentions. Normally when I see these numbers, I look at it like the guy who is putting out next years mock draftthe day after this years draft is done. As I thought more about this, there is...
The Cattle Futures Market Report – The week of 8/30/21
Cash Cattle Average on steers ended last week at $125.74 and $123.71 on heifers Yesterday had a few trade at $127-$128 Boxed Beef Afternoon ended at $338.45 Choice and $307.57 Select Going to be tough to get to 660,000 head kill, as plant slow chains with Labor Day...
Liquidating Sept positions and load disruptions due to Hurricane Ida in the Gulf negatively impacting prices
Prices were weaker yesterday and are mixed this AM, with soyoil sporting the largest losses. Oilshare is lower again as traders buy meal/sell soyoil. Liquidating Sep. positions and load disruptions due to Hurricane Ida in the Gulf impacted prices negatively. The size...
Crop progress under trade expectations and contrary to bearish comments from Pro Farmer crop tour
Prices opened higher across the board on crop progress numbers. Markets may be oversold and due for a bounce. Ratings were a bit of a surprise, under trade expectations and friendly for the market. This report runs contrary to bearish comments from the Pro Farmer crop...
The Cattle Futures Market Report “ The week of 8/23/2021
Weekly Round-UP Cash ending last week up with an average of $126.04 on Strs and $125.58 on Hfrs Boxed Beef ended the week at $345.06 Choice and $318.53 Select Steer and Heifer weights are once again in line with 5 year average, trending up though, while kill for last...
Surprise crop ratings report, bean demand and funds buyers
A surprising crop ratings report and more chatter about bean demand presented a higher open, and funds were buyers in the overnight session. Grains followed, with meal gaining slightly on soyoil. Trends of note include buy beans/sell corn and buy wheat/sell corn. By...
The Cattle Futures Market Report “ The week of 8/16/2021
Weekly Round-UP Cash Cattle Average last week ended at $124.75 Choice boxed beef ended Friday afternoon at $324.83 with Select at $298.02 Weights turning back lower and finally at same levels as our 5 year average Strong feeder cattle prices even though the drought...
August 2021 WASDE Estimates
The August USDA WASDE Report is set to be released on the 12th at 11:00am Central Standard Time. The markets have been mostly range bound leading up to the report and there seem to be strong feelings on both sides of the equation. The spotlight is expected to be on...
Heavy rain in France, the EU’s largest wheat producer, has added to worries about global wheat export supplies
Prices are mixed overnight with corn prices lower on better -than -expected ratings, and a poor inspections report yesterday that suggests exports may not achieve USDA projections. Beans are firmer on a steady rating, but drier conditions moving into the following...
The Cattle Futures Market Report – The week of 8/9/2021
Weekly Round-up >>Cash Average last week finished up the south near $120 Live and $125 in the north >> Choice Boxed Beef ended last week at $296.26 and Select at $277.09 >> Weights seasonally on the rise, while still above the 5-year average by...