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Wednesdays markets were positioning ahead of USDA Report numbers, while keeping an eye on weather.
Mixed market opening Thursday ahead of the USDA Reports.
Supply chain issues and concerns about sourcing inputs for the 2022 growing season prompted more farmers to try e-commerce for pricing inputs this year as FBN says their website saw an uptick in traffic and sales.
Wednesday’s Quarterly USDA Hogs and Pigs Report confirmed continued contraction of the U.S. swine herd.
Grains and hogs mixed heading into the reports, with cattle lower. Michelle Rook has analysis with Rich Nelson of Allendale.
Grains consolidated Tuesday ahead of the USDA data dump and watching weather and crop conditions, plus there was talk of China looking for soybeans.