In the News

The next issue of Agri Marketing will feature a Salute to Hawkeye Steel Products company celebrating its 100th anniversary. Mfgr of Pride of the Farm, Brower poultry and Span-Tech buildings. To schedule your congratulatory ad, contact Audrey Evans at: AudreyE@AgriMarketing.com

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See, Believe, Benefit

The 2019 Farm Progress Show and Husker Harvest Days were incredible. Each event featured amazing exhibits that wowed enthusiastic HUGE crowds of farmers; national, regional and local dignitaries; stars and more - two impressive fall shows!

Beyond the glitter, Farm Progress Show and Husker Harvest Days set the pace for world-class farm events, and exhibitors know the ROI these venues deliver.
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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	-0.0200	3.8725	3.7700
Soybeans	-0.2775	9.0200	9.1600
Wheat	+0.0300	5.7350	5.2150
Cattle	-1.50	124.85	125.35
Hogs	-0.45	67.23	59.83
Cotton	-1.85	69.40	73.14
Milk	+0.52	17.95	13.94
Crude Oil	-4.22	54.36	53.13

Grain and soybean futures were steady to mostly lower on the week, coming under pressure late from growing concerns about the coronavirus outbreak in China. Soybeans had the biggest selloff, weighing on corn and wheat. The virus outbreak is feeding worry about the global economy, and the potential impact on commodity demand. This drove crude oil futures in particular lower. Major equity indexes also fell. Meanwhile traders are waiting for some Chinese commodity purchases in the wake of the recently signed trade deal, although given the deal doesn't actually take effect until mid-February, there is reason for patience. South American weather and the crop outlook remains mostly a negative factor. This is particularly true regarding Brazil and soybeans. There are some growing concerns about dryness in Argentina. Here in the U.S., above-average temperatures and precipitation are expected to persist in the Midwest. Corn acres are expected to jump in 2020. On the demand side, weekly export sales were solid for most markets, but the outlook is mixed as the South American harvest nears. The ethanol industry outlook remains bleak, at least in the short-term, as stocks continue to swell.

In the livestock complex, it was a volatile week in lean hogs, as futures fell to a six-week low in the April contract on Tuesday, rallied to a 10-session high on Thursday, and then fell back sharply again on Friday. Solid cash hog and wholesale pork values were supportive, but the lack of fresh pork export sales to China, and worries about the coronavirus outbreak, weighed on futures. Live cattle futures broke through key chart support levels to two-month lows. Plains cash cattle trade occurred at $124 for the third week in a row. Friday's Cattle on Feed report was neutral for the market, as it showed the Jan. 1 feedlot inventory at 102.3% of a year ago.

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