"Corn prices received by producers have been reported 40¢-50¢/bu. below prevailing cash market bids reflecting apparent deliveries of grain that was forward-priced below $6/bu. ahead of planting this past spring," say analysts in the December World Agriculture Supply and Demand Estimates (WASDE).
Despite recent weakness in corn markets, tied mainly to negative outside markets, there's little reason to expect a major price retreat. Demand is too high....More
Figuring out why corn futures prices dipped $2/bu. over the past two months may be one of those questions that only time will answer, says Bill Tierney, chief economist at AgResource Company in Chicago....More
April 2012 live-cattle futures “shouldn’t fall below $121/cwt. and cash cattle could see $130-$135 and even run up to $140 by May,” says an extremely bullish Dan Basse, Chicago-based agricultural price analyst and consultant....More
“For Americans, who live in a country that’s been the world’s breadbasket for more than half a century, a country that’s never known food shortages or runaway food prices, the world is about to change.”...More
Anyone hoping for relief from corn prices received no encouragement from recent developments.
The 2010-11 market year average farm price for corn was raised 10¢ on both ends of the range ($4.90-$5.70/bu.) in the monthly World Agricultural Supply and Demand Estimates released Jan. 12....More
Eating like a bird is a metaphor used to describe someone who eats only small amounts of food or pecks at his vittles. Get enough of these bird-size appetites...More
With prices for feed, fuel and pasture driving up cow costs and drought seemingly always just around the corner ranchers are looking for ways to sharpen...More
Sufficient rainfall in much of the country will result in slightly higher average alfalfa yields than harvested last year, USDA predicts. But the yield gain won’t offset a 4% drop in acreage...More
