Hogs finally stabilize. Still no confirmation of rumors. March 17, 2023
Cattle on Feed this afternoon showed February placements, new inflows into feedlots, were -6.3% from one year ago. The trade expected -6.0% (ALDL -3.1%). That would mark six months in a row of declines. These six months average -5.4% from last year. Though lower than last placements, and the implied beef production shortfalls later this year, are supportive this has long been expected. USDA has -7% year over year beef production for both Q3 and Q4.
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Allendale Insider
Allendale Insider
On The Go
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Beef export sales disappoint. Pork sales on target.
March 23, 2023
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Soybeans Disappoint, Export Sales Show No Argentina Impact
March 23, 2023
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Soybean export sales show no Argentina impact.
March 23, 2023
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New Crop Soybeans Dip for the Gap
March 22, 2023
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New crop soybeans ready to fill the gap from July.
March 22, 2023
On The Go
March 23, 2023
March 23, 2023
March 23, 2023
March 22, 2023
March 22, 2023
Market Movers
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Overnight Looks Ahead To Likely Strong Exports
March 23, 2023
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Funds Go Short For The First Time Since August 2020
March 22, 2023
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Soybean Spreads Dominate, Grains Fight Off Outside Market Pressure
March 21, 2023
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Trade Looks for Black Sea Deal
March 20, 2023
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COT Shows Slowing Selling, BAGE Lowers Argentina Crop
March 17, 2023
Market Movers
March 23, 2023
March 22, 2023
March 21, 2023
March 20, 2023
March 17, 2023
Snapshots
Snapshots