In the News

The next issue of Agri Marketing will have focus reports on direct marketing and selling to pork producers. To reserve your organization's advertising space, contact Audrey Evans at AudreyE@AgriMarketing; 636/728-1428 ext 2003.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.04 ¼	6.82	3.73
Soybeans	+.03 ½	13.29 ½	9.64 ½
Wheat	-.31 ¾	7.27 ¾	4.79
Cattle	-.85	109.00	95.58
Hogs	+1.20	94.55	84.60
Cotton	-.36	145.15	80.76
Milk	-.20	16.38	13.27
Crude Oil	+2.47	99.65	74.40

Comments: Last week was a choppy one for corn and soybean futures, which ended little changed amid continued uncertainty about U.S. production potential and demand. Higher-than-expected U.S. corn carryout estimates from USDA offset support from further planting delays in the eastern Corn Belt and talk of Chinese demand. A larger old-crop carryout and a record high world stocks projection limited strength in soybean futures. Wheat futures came under pressure from ideas U.S. and world supplies will be ample to meet demand following a larger-than-expected U.S. winter wheat crop estimate from USDA. Prospects for Black Sea region wheat exports to rebound in 2011-12 also weighed on wheat prices. Live cattle futures remained under pressure from demand concerns as wholesale beef and cash cattle prices fell further. Lean hog futures bounced back somewhat as a rebound in wholesale pork prices spurred speculative profit taking on short positions. Oversold market conditions and concerns about flooding in the U.S. Delta slowed the sell-off in cotton futures. Click on the Brock logo or call 1-800-558-3431 for more info on our services.