The dairy industry continues to struggle financially.
The supply and demand fundamentals continue to balance each other well, which is why prices continue to chop and traded in this sideways pattern. Yet be aware of what might be lurking ahead.
Hog slaughter for the week came to 2.215 million head, according to USDA’s weekly packer survey.
Dave Mowitz visited the John Deere archives in Moline, Illinois for an exclusive behind-the-scene
Having a son with Autism Spectrum Disorder has changed the way I judge nonverbal communication during public speaking contests.
There’s a wall of meat coming soon – beef, pork, and poultry. It probably means that cattle prices haven’t hit bottom for this cycle.
It would appear that the bull rally that is over a month long is now feeding from its own enthusiasm, analyst Rich Nelson says.
Anywhere in the +$77 range via summer futures is a valid price to work from.
The days of arguing that hog futures are sharply underpriced are over.
Exports are running 20% higher than last year while beef output is only 2.9% higher than 2016.
The rally in cattle prices has occurred in the face of expectations of increasing supplies throughout late spring and summer, this analyst says.