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	+.77 ½	7.59 ½	3.62
Soybeans	+.50 ¾	13.80 ¼	9.44
Wheat	+.78 ¾	8.06 ½	4.69 ¾
Cattle	-4.02	104.98	91.45
Hogs	-2.57	91.55	80.25
Cotton	+10.46	155.61	82.09
Milk	+.10	16.48	13.24
Crude Oil	-.02	100.10	70.80

Comments: Grain and soybean futures came surging back last week as supply concerns heated up again amid continued corn planting delays and declining winter wheat crop ratings. A continued lack of planting progress in the eastern Corn Belt and reduced estimates of U.S. corn acreage provided most of the fuel for the rebound in corn prices. Wheat futures received a strong boost from declining estimates of EU wheat production and surging European wheat prices. Further deterioration in Kansas crop ratings also boosted wheat prices. Soybean futures primarily followed the grain markets higher, but were also supported by lower U.S. acreage estimates amid severe flooding in the Delta and the southern Midwest. Livestock futures came under further heavy pressure from demand concerns and commodity fund liquidation of long positions. Live cattle led the way down on ample market-ready cattle supplies. Cotton futures rebounded on concerns about Delta flooding, continued drought in Texas and oversold market conditions. Click on the Brock logo or call 1-800-558-3431 for more info on our services.