A rough week for the grain complex, especially for wheat as new contract lows were stamped for Chicago and Kansas City. Minneapolis, whose front month had been the leader higher, had a quick deflation and helped to pull the whole wheat complex lower.
Soybeans ended the week on a bearish note as the November contract settled 37¼ cents lower than last Friday.
Money managers increased their net-long positions in soybeans and lowered net-short positions in corn.
Potential record supplies of corn, soybeans, and wheat in the U.S. is bad news for grain prices, but there's GOOD news, too.
Analyst SoyRoy firmly believes that farmers are better at marketing than they give themselves credit for.
Packing plant problems on Thursday and Friday curtailed this week’s hog slaughter numbers.
The true story about cattle supply is that calf/cow producers are no longer in expansion.
Uncertainty can imply a massive range of prices.
Cattle futures have experienced a strong bump in prices over the last two weeks, with October futures trading from under $106.00 per hundredweight to over $116.00, topping on August 4 at $116.35.
The hog industry could face further price declines with higher production.