By: Luke Schwieterman The big news in the USDA July Supply and Demand report was corn ending stocks estimated at 870 million bushels which is 175 million more than a month ago but 143 million bushels less than the average trade guess. We have to go back to the June 30 stocks report were USDA “found” 346 million bushels of additional inventory. The trade worried that…Read More
Kansas State University’s Department of Agricultural Economics will host its annual Risk and Profit Conference and Trade Show Thursday-Friday, Aug. 18-19 at the K-State Alumni Center in Manhattan. One of the keynote addresses will be from Fred Seamon, associate director of commodity research and product development with the CME Group. He will present “Hedging in 2011: What’s Changed and What Remains the Same” at the Aug.…Read More
By: Luke Schwieterman In Econ 101 we learned that inflation is too many dollars chasing too few goods. That seems to define the commodity market at the current time. Supply is unable to keep up with demand. In the US, beef imports are lower and exports are higher. USDA just released the import/export report for February (this report is delayed two months). Imports for February were…Read More
By: Luke Schwieterman Cattle continue their trek higher as this week’s trade began at $111 ($5.00 more than last week) being paid at feedlots. The squeeze between imports and exports continues with December beef imports down 23.7 percent over last year and exports up 31.5 percent. As we discussed in the last article, this shift in supply and demand is helping keep beef prices higher along…Read More
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