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	-.86 ¾	7.00 ¼	3.57 ½
Soybeans	-.44 ¼	13.33	9.52
Wheat	-.87	6.72 ¼	4.62 ¾
Cattle	+7.02	109.75	89.60
Hogs	+3.42	95.65	80.35
Cotton	-4.85	145.18	80.80
Milk	+.08	19.15	13.62
Crude Oil	-6.28	93.01	76.79

Comments: Grain and soybean futures took a pounding last week from heavy commodity fund liquidation spurred by improved crop weather in the U.S. and Europe, and growing concerns about the general economy. Negative U.S. economic data, Greece's debt woes and Chinese monetary tightening all contributed to worries about the world economy. Corn futures felt added pressure from a drop in weekly U.S. ethanol output and indications of declining political support for ethanol in Washington. The U.S. winter wheat harvest added seasonal pressure on wheat futures. Soybean losses were limited by unwinding of long corn/short soybean spreads and acreage uncertainty. Livestock futures were strong with live cattle futures surging on a surprise jump in Plains cash prices and indications of shrinking supplies of cattle on feed. Tight hog supplies and improved pork demand pushed lean hog futures higher. Demand worries overshadowed concerns about the Texas drought in the cotton market, spurring active fund liquidation. Click on the Brock logo or call 1-800-558-3431 for more info on our services.