In the News

The April issue of Agri Marketing magazine will feature the "Best of NAMA Winners"...and a Focus Report on Farm & Rural Broadcasting. To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com or call her at 636/725-1428 ext 2003.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.05	6.54	6.95
Soybeans	+.03 ½	13.31 ¾	13.44
Wheat	-.41	6.38 ¾	7.32 ¼
Cattle	-3.97	126.03	117.53
Hogs	-2.60	87.83	89.75
Cotton	+.57	88.80	204.41
Milk	+.06	15.42	19.63
Crude Oil	+.70	107.40	104.38

Comments: Grain futures sold off early last week on renewed demand concerns and pre-USDA report position evening, while soybean futures held firm on support Chinese demand and South American crop losses. Wheat futures were hit hardest as demand concerns were magnified by ample world wheat stocks and prospects for larger U.S. production this year. Friday's USDA report showed no changes to U.S. corn and soybean balance sheets, but contained modest cuts in U.S. and world wheat stocks estimates. Aggressive USDA cuts to South American production estimates were supportive for soybean futures. Corn futures losses were limited by rumors of Chinese demand. Livestock futures had a rough week with both the live cattle and lean hog markets coming under pressure from demand concerns spurred by weakness in wholesale beef/pork prices and negative packer margins. The live cattle market saw added pressure from a $3 drop in southern Plains cash cattle prices. Cotton futures managed small gains in choppy trading as India's government banned exports then reconsidered its move. Click on the Brock logo or call 1-800-558-3431 for more info on our services.