The March issue of Agri Marketing will feature Focus Reports on the Rural Lifestyle Market and Dairy producers. To schedule your organization's ad, contact Audrey Evans at 636/728-1428 ext 2003; AudreyE@AgriMarketing.com
Comments: Grain and soybean futures last week recovered somewhat from the bearish blow they were dealt by USDA's Jan. 12 USDA reports amid continued concerns about South American corn and soybean production and signs of improved demand. Bullish economic news from the U.S and China helped spur talk of improved demand prospects along with a weaker dollar. South Korean buying helped support the corn market. Wheat futures were also boosted by improved demand prospects as well as by forecasts for continued dry weather in the U.S. southern Plains HRW wheat belt. Live cattle futures had another strong week as beef packers paid several dollars more for cattle in the cash market despite very poor operating margins. Lean hog futures were boosted by further strength in cash hog markets amid good demand from packers and evidence U.S. pork exports remained robust in November. Cotton futures continued to rally on technical short covering and friendly Chinese economic data.
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