In the News

The next issue of Agri Marketing will include the annual Ag/Rural Show Guide, a salute to the Ag Media Summit and an update on the Canadian ag market. To schedule your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.34	7.87	3.43 ¼
Soybeans	-.27 ¼	13.87 ¼	9.35
Wheat	-.14 ½	7.59 ¼	4.33 ¼
Cattle	-1.45	102.73	90.075
Hogs	+2.47	91.70	77.28
Cotton	-2.63	150.03	82.50
Milk	+.12	19.07	13.50
Crude Oil	-.93	99.29	75.48

Comments: Corn futures took off to the upside again last week after USDA cut its projections for 2011-12 U.S. production and ending stocks. Strong ethanol production and tight corn supplies in cash markets also provided support for corn prices. Soybean futures, however, lost ground as USDA raised its estimates of 2010-11 and 2011-12 U.S. and world ending stocks on record Brazilian production and weaker Chinese demand. Wheat futures also set back after USDA surprised the trade by raising its estimate of the 2011 U.S. wheat crop despite the continued drought in the southern Plains. Lower USDA estimates of world wheat demand also pressured wheat prices. Live cattle futures came under renewed pressure from concerns about demand as beef cutout values slipped to their lowest level since late February. Lean hog futures rallied on stronger cash markets and a rise in export demand as South Korea said it would extend duty-free pork imports through the end of the year. Cotton futures lost more ground under pressure from weak export demand, which overshadowed support from the drought in West Texas cotton areas. Click on the Brock logo or call 1-800-558-3431 for more info on our services.