In the News

Happy Holidays! The next issue of Agri Marketing magazine will include focus reports on agribusiness consultants, Canada, Direct Marketing and electronic media. To schedule your organization's ad, contact Judy Knoll at 636/728-1428 ext 2002; JudyK@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.06 ¾	3.97 ¾	3.89 ½
Soybeans	-.23	10.12	8.69 ½
Wheat	-.09	5.28	5.71 ½
Cattle	+1.90	82.05	84.70
Hogs	-.30	65.13	62.48
Cotton	+.19	75.28	45.28
Milk	Unch	14.83	15.08
Crude Oil	+3.49	73.36	36.22

Comments: Grain and soybean futures lost ground last week as a surge in the value of the dollar spurred speculative liquidation of long positions. Soybean futures also felt increased pressure from favorable South American crop weather. Losses were limited by expectations for index fund buying in early 2010 as those “long only” funds rebalance their portfolios. Live cattle futures rebounded on support from stronger cash market fundamentals and speculative short covering spurred by oversold market conditions and expectations for a supportive USDA Cattle-on-Feed Report. The USDA report was friendly for price showing the Dec. 1 feedlot inventory at 99.4% of a year earlier. Hog futures gave back early week gains under pressure from indications of a seasonal cash market top and the strong dollar. Cotton futures held firm on raised expectations for export demand. Click on the Brock logo or call 1-800-558-3431 for more info on our services.