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Cattle Futures May Bounce

Cattle futures were pummeled as the news of the avian flu virus in dairy cattle continued to circulate. Funds continued to liquidate long positions. Hog futures found substantial strength as they were benefiting from the avian flu virus and reacting to strong cash and cutouts for much of the week.

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Lighting a Fire Under Last Year's Farm Bill - AG INFORMATION NETWORK OF THE WEST

Having fun getting through the updates from the 2023 Farm Bill? Oh that’s right…it didn’t happen. But May may be when the fire gets lit.

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Corn Soars Following Bullish Prospective Planting and Quarterly Stocks Surprise

USDA s March 1 (2024) Prospective Planting and quarterly Grain Stocks reports threw a bullish curveball to traders with corn planting intentions much lower than trade expectations at just 90 million acres and 4.6 ma below that of a year ago. Soybean planting was about as traders had expected, and wheat was just a bit lower, but winter wheat acres were forecast to fall over 1 million acres below the average estimate, sending both Chicago and Kansas City wheat futures to solid gains.

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