In the News

Entries for Agri Marketing's Product of the Year are now open. For more info click here. The next issue of Agri Marketing Update will be distributed next Monday. Happy New Year!

Four Farm Equipment Dealer Associations To Merge, Will Form North American Equipment Dealers Assn
Deere Acquires AgriSync, To Expand Its ExpertConnect Remote Service Business
Cell-Cultured Meat Company Future Meat Receives $347 Million Investment, Including ADM And Tyson
Retired Zoetis Scientist Doubtful Of Cell Cultured Meat Technology

Ben & Jerry's Reveals Its Top Ten Flavors Of 2021

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WEEKLY COMMODITY HIGHLIGHTS

Nearby Futures	Weekly Change	Friday's Close	Year Ago
Corn	.1250	6.0575	4.475
Soybeans	0.5225	13.4075	12.6000
Wheat	0.3975	8.1475	6.2975
Cattle	3.20	139.63	114.73
Hogs	2.43	83.23	67.85
Cotton	1.82	109.12	76.l4
Milk	.24	19.49	17.00
Crude Oil	3.07	73.79	48.12

Corn and soybean futures were boosted by South American crop concerns and technically-driven buying. Dry weather in southern Brazil and Argentina and excessive rains in northern Brazil spurred concerns about production. Soybean futures also continued to find support from strong processor demand amid favorable crush margins. Wheat futures rallied back from recent weakness on support from concerns about dry weather in the U.S. winter wheat belt, corn market strength and forecasts for colder weather in January.

Livestock futures rose last week with lean hog futures boosted by expectations for Thursday's quarterly USDA Hogs and Pigs report to show smaller U.S. hog supplies. The USDA report met expectations, pegging the Dec. 1 U.S. hog herd at 96% of a year earlier. Live cattle futures rose on expectations for cash prices to strengthen following the holidays and technically driven buying. Thursday's monthly USDA Cattle-on-Feed report looked largely neutral versus trade expectations.
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