In the News

The next issue of Agri Marketing will include an update on Farm Broadcasting. All ads half page or larger will be studied by Readex. To schedule your organization's ad contact Audrey Evans: AudreyE@AgriMarketing.com; Ph: 515-954-8589.

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One-dimensional product promotion has inherent limitations -- introduce farm shows and your products are 3D, with your best customers and prospects in an exciting environment.

Two events that take your products and branding into stratospheric customer experiences -- Farm Progress Show and Husker Harvest Days.
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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	+0.0825	4.1775	3.8275
Soybeans	+0.2325	8.9175	9.0400
Wheat	+0.0875	4.9950	5.6450
Cattle	-1.08	106.75	109.05
Hogs	+1.25	66.98	51.40
Cotton	-0.52	58.90	87.26
Milk	+0.08	17.87	15.99
Crude Oil	-1.13	54.53	66.81

Grain and soybean futures were mostly higher on the week, bouncing back from early weakness on concern about dryness in the central Corn Belt and positioning ahead of a key USDA report. The markets started the week under pressure thanks to the rapid deterioration of U.S.-China relations, including new U.S. tariff threats, reports that China was halting all purchases of U.S. ag products, and the devaluation of China's yuan currency to a politically sensitive level. This drove commodities and financial markets lower, as a resolution to the trade war seems further away than ever. However, financial markets stabilized and so did commodities. For corn and soybeans, there was support from dryness in parts of Iowa and Illinois, which adds to concern about a crop that was planted late. Wheat futures were higher, following corn. Cotton slipped on demand concerns driven by China. The Aug. 12 USDA report that the trade was waiting for last week turned out to be very bearish for corn, with USDA's crop and ending stocks estimates far above any trade expectations. Crude oil was down on the week on pressure from demand concerns tied to China and growing talk of a recession.

The livestock complex also started the week sharply lower, but lean hogs bounced back strongly. Lean hogs posted a bullish reversal, setting the stage for a further rebound from oversold market conditions. Fundamentally, while packers seem to have regained the upper hand in cash markets amid ample supplies, wholesale pork values have been very strong. Packer margins improved significantly over the past week. Live cattle futures were choppy for most of the week after dropping initially on Monday. Concern about beef demand hung over the market. A fire at a major Tyson Foods beef processing plant over the weekend is negative for the cattle market in the near-term.

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