Majestic Tree H
UKC Forum Member
Registered: Nov 2005
Location: New Market Va
Posts: 4670 |
Keep a Eye on These Reports !!! http://www.ams.usda.gov/mnreports/sj_gr225.txt
http://www.cattlenetwork.com/cattle...66.html?ref=066
"A corn price increase of the magnitude that we have seen over the last month has major implications for related markets including, naturally, livestock markets. The broad strokes of the adjustments that take place in the livestock and poultry sector are easy to understand: higher corn prices drive up feed costs and higher feed costs result in lower production of livestock related products (beef, pork, chicken, dairy products, eggs, etc.). As a practical matter, though, adjustments to higher corn prices involve the rebalancing of very complex production systems. This process takes time, and it can be quite painful for those involved in it. So, at this early point – still only about a month into this situation – what adjustments are we seeing?."
$15-$30 Per Ton Higher Already !!
CORN FEEDS: Yellow Corn Hominy in Central Illinois was 15.00 to 30.00 higher to
from 240.00-245.00; Kansas City (Northwest) was 5.00 higher at 215.00; St. Louis
was 19.00 higher at 253.00; rail delivered California ranged 15.00 to 20.00
higher at 315.00. Corn Gluten Feed in the Midwest (IA, IL, IN) was 28.00 to
40.00 higher from 180.00-203.00; Kansas City was 35.00 to 45.00 higher at
240.00; St. Louis was 44.00 to 60.00 higher from 220.00-229.00. Corn Gluten
Meal, 60 percent protein in the Midwest (IA, IL, IN) was 30.00 to 55.00 higher
from 600.00-670.00; Kansas City was 5.00 to 10.00 higher from 685.00-695.00; St.
Louis was 15.00 to 20.00 higher from 630.00-640.00; Memphis was 40.00 higher at
640.00. Distillers Dried Grain prices in Eastern Corn-belt were 10.00 to 21.00
higher from 260.00-290.00; Chicago area was 20.00 higher from 265.00-270.00;
Lawrenceburg, IN was not available; Nebraska was 25.00 to 44.00 higher from
240.00-339.00; Minnesota was 25.00 to 35.00 higher from 265.00-280.00; Kansas
was 25.00 to 35.00 higher from 285.00-310.00; Iowa was 13.00 to 23.00 higher
from 250.00-275.00; Northern Missouri was 10.00 to 15.00 higher from 270.00-
290.00; St. Louis was 30.00 to 36.00 higher from 267.00-280.00; Wisconsin was
20.00 to 25.00 higher from 250.00-265.00; rail delivered California was 5.00 to
16.00 higher from 305.00-330.00.
RECORD HIGHS Yesterday !!!!
http://www.cattlenetwork.com/cattle...-162925346.html
Corn futures closed 12 to 15 cents higher on Wednesday. The market experienced a day of choppy trade before rebounding to close at record high levels. Both August and September futures traded close to $8 as the Midwest drought expands its territory. As indicated by steadily declining condition ratings, the 2012 corn crop is quickly deteriorating, increasing concern that average corn yields will be substantially lower the USDA’s 146 bushel per acre estimate.
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Last edited by Majestic Tree H on 07-18-2012 at 10:46 PM
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