In the News

The June issue of Agri Marketing will include special Focus Reports on Direct/Relationship Marketing and selling to hog producers. To schedule your organization's ad, contact Audrey Evans at AudreyE@AgriMarketing.com, or call 636/728-1428 ext 2003.

presents WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-.57	5.78 ½	7.42 ¼
Soybeans	-.23	13.82	13.77
Wheat	-.15 ¼	6.80	7.96 ½
Cattle	-1.88	117.65	104.55
Hogs	-2.23	85.20	88.30
Cotton	-4.37	73.62	156.03
Milk	+.10	15.27	16.49
Crude Oil	-.94	90.86	101.32

Comments: Grain futures headed lower with the nearby July corn contract leading the way under pressure from increasing prospects for an early and record large U.S. corn harvest. A drop-off in export demand for U.S. old-crop corn amid stiff competition from South America also weighed on the corn market. Broad pressure on grain and soybean futures also came from concerns about the world economy spurred by a rising threat that Greece would abandon the euro and slowing Chinese growth. Negative Chinese crush margins further boosted demand concerns in the soybean market, while overbought market conditions and increasing U.S. winter wheat harvest activity pressured wheat futures. Livestock futures turned lower under pressure from broad fund selling and renewed concerns about red meat demand. Lower wholesale pork prices weighed on hog futures, while seasonally larger market-ready cattle supplies pressured live cattle contracts. Cotton futures came under further pressure from macroeconomic concerns, a strengthening dollar and from USDA's forecasts for U.S. supplies to rise in 2012-13. Click on the Brock logo or call 1-800-558-3431 for more info on our services.