Forms to collect updated information for the 2012 Agri Marketing Services Guide have been distributed. If you want a copy, or to schedule an ad, contact Audrey Evans at AudreyE@AgriMarketing, 636/728-1428 Ext 2003.
Comments: Grain and soybean futures headed lower last week amid increased concerns about demand spurred by lower USDA projections for U.S. corn and soybean usage. Continued slow export sales helped feed demand concerns along with rising worries about Italy's debt situation. Corn futures came under pressure even though USDA lowered its U.S. carryout estimate slightly due to a smaller production estimate. The problems at bankrupt brokerage house MF Global were another negative market factor and limited trading volume. An easing of debt worries on Friday failed to support for grain markets. Livestock futures were also pressured by European debt worries and the MF Global situation. Live cattle futures retreated despite record high cash trade in U.S. Plains markets with the nearby contract leading the way on expectations for a drop off in packer demand through the holiday season. Lean hog futures remained under pressure from ample hog supplies and weakening cash markets. Cotton futures were boosted by news of a large U.S. cotton sale to China, but gains were limited by the stronger dollar.
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