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Corn futures to open higher on Friday
- HSUS ads deceive 90% of donors
- Texas dairyman puts animal health first
- Wheat posts biggest gain in 6 weeks on Wednesday
- CME to pare back plan for expanded grain trading
- Milk Mustache campaign gets Spanish makeover
- D.C. Watch: Work continues on farm bill
- Cattle futures climb at midday on improved demand
- Vilsack highlights importance of ag education and research
- Milk production continues robust expansion while prices soften
- Block cheese unchanged at $1.50 on CME
- Death of 3-year-old serves as reminder for better farm safety
- $1 to watch a video of farm animal abuse
- Calif. TV station investigates 'what’s in your milk'
- Co-ops start reacting to milk surplus
- Top 100 ag banks of 2011 posted
- Say 'yes' to Domino’s Pizza by paying it forward
- The latest on heat-treating colostrum
- Abused lawyers in parody of HSUS ad
- Don’t overlook zoonotic diseases
- Take her higher
- What you need to know about the latest case of BSE
- Mother warns against feeding raw milk to children
- Poll: Do you agree that dairy farming is the second worst job in America?
- Commentary: Obama’s going to tackle immigration? Yeah, right
- Domino’s Pizza says “no” to HSUS
- Commentary: Stand up for Dairy Security Act
- Stand up for Dairy Security Act
- Raw milk problems give dairy farmers a 'bad name,' says one
- Dairy group endorses Wisconsin governor in recall election
- New study blames dairy farms for much of LA’s smog
Corn futures are called 4 to 5 cents higher. Overnight trade at 6:45 am CT was 4 3/4 to 5 cents higher. The market is higher again overnight amid further weakness in the dollar index. In addition, forecasts for Argentina and southern Brazil look hot and dry, which could stress the crop at the tail end of the growing season. Export demand has picked up recently and national basis levels remain firm.
Soybean futures are called 1 cent lower. Overnight trade at 6:45 am CT was 1 to 1 1/4 cents lower. Light profit-taking from the rally off the mid-month lows is weighing on futures. However, losses are being limited by further weakness in the dollar index and forecasts for hot and dry weather in Argentina and southern Brazil this weekend. Export demand has slowed as China celebrates its New Year.
Wheat futures are called 1 to 2 cents lower. Overnight trade at 6:45 am CT was 1 to 1 3/4 cents lower at the CBOT and 2 to 2 1/4 cents lower at the KCBT. The market is being pressured lightly by profit-taking following the recent rally in prices. But losses are being limited by further weakness in the dollar index overnight and spillover support from corn. Export demand is expected to improve as Russian wheat has become more expensive. They may halt export soon. In addition, much of the wheat crop is vulnerable to a cold snap this week due to the lack of snow cover.
Cattle futures are called steady to mixed. The market is expected to be choppy amid pre-report positioning ahead of the semi-annual Cattle Inventory report and as traders wait for the cash market to develop. The report is expected to show the total herd size down 1%-2% from last year. Cash trade is currently expected to be near unchanged from last week.
Lean hog futures are called higher on the open. Strength in the cash market will help support the futures market. However, gains will be limited by packer processing margins falling further into the red. Pork cutouts were down 88 cents on Thursday. Outside markets will be supportive as a weaker dollar is beneficial for pork exports.
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