Corn, soybean markets varied widely Wednesday morning
Despite widespread expectations for a substantial seasonal rally through January and early February, both cash hog and wholesale pork values suffered moderate losses Tuesday. The cash weakness reportedly continued Wednesday morning, thereby exacerbating the surprisingly negative short-term situation. As in the cattle/beef complex, swine traders are very likely anticipating a substantial seasonal rise in wholesale prices, so Tuesday afternoon news of a sizeable drop in pork cutout may have had an inordinate impact upon CME futures. The failure of bullish efforts to support nearby values above their short-to-intermediate-term moving averages may have sparked active technical selling as well. February hogs had plunged 1.27 cents to 85.87 cents/pound just before noon, while June futures had plummeted 1.72 cents to 97.12.
- Ag markets posted a mixed showing before the long weekend
- Central American farmers generate energy from coffee wastewater
- Big potential in China for U.S. corn, livestock exports
- Outback Guidance introduces next generation auto steer systems
- Ag markets proved quite mixed again Friday morning
- Court ruling in Hawaii finds that crop protection is state law
- No El Niño in 2014? Drought-weary California in trouble
- Suspected Bt corn rootworm resistance in Pennsylvania
- Soybean aphid numbers on the rise
- BioNitrogen to build second fertilizer plant in Texas
- Commentary: Setting the record straight on 'Waters of the U.S.'
- Anti-GMO proposal denounced at Safeway shareholder meeting