In the News

Agri Marketing Weekly will be distributed on Tuesday of next week as we take Monday off to celebrate the New Year. The Jan/Feb issue of Agri Marketing magazine will feature a special Salute to DEKALB on its 100th anniversary!

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+.36 ½	6.19	6.14
Soybeans	+.33	11.63	13.49 ½
Wheat	+.38 ¼	6.22	7.83
Cattle	+6.15	124.30	104.00
Hogs	+2.70	85.85	78.73
Cotton	+.95	87.24	148.12
Milk	+.07	18.66	13.79
Crude Oil	+5.93	99.68	91.51

Comments: Grain and soybean futures shot higher last week as South American crop concerns about took center stage in the markets amid continued dry weather in Argentina and southern Brazil. Forecasts for hot, dry weather across Argentina this week helped boost fears of production losses. Technical short covering and year-end position evening were also supportive factors. Concerns about the European debt crisis were eased by the European Central Bank's offering of discounted loans to European banks, which snapped up nearly half a trillion euro's worth. Livestock futures rallied as a severe winter storm that hit the U.S. Plains feedlot area on Dec. 19-20 helped push cash cattle markets strongly higher in the face of holiday slaughter disruptions. Lean hog futures followed the cattle market higher and found added support Friday's USDA Hogs and Pigs Report, which indicated no significant expansion of the U.S. hog herd was occurring. Cotton futures bounced back on support from year-end position evening and a weaker dollar. Click on the Brock logo or call 1-800-558-3431 for more info on our services.