The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Bob Utterback has more than 26 years of experience and offers producers a disciplined approach to marketing.
If the bulls are hanging their hat on frost good luck, The calander says August 14th, never seen frost in August. The sun is still high in the sky.
Trade looks down but we are getting close to a buy for the Dec contract.
Total acres are still lower than last year... doesn't sound like a conspiracy to me, sounds like sour grapes!
Maybe they are in line with some increased feed usage. Dairy cow liquidation has been slow at best, and with they way these pork guys are bleeding, I don't think the sow herd has been culled too much just yet. Cattle and poultry numbers are down, but all animal ag better start to show some profit soon or the American consumer is going to get a hell of a shock in the not so distant future. When the livestock guys are all gone and we import the majority of our food, consumers will find out all about spending money when they go to the grocery store.