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Hogs Bounce Off Contract Lows

Industry news and notes for July 12, 2024.

Was It All Technical?

Salford Group is introducing the AB640 90-foot air boom applicator - which holds the potential to cover 22% more ground than traditional 70-foot applicators.

Chair Thompson criticized the Biden administration for imposing regulations he claims punish farmers and ranchers.

Funds Take a Pause From Selling

From increasing difficulty in accessing households due to new telephone technologies to concerns about data privacy and time constraints from farmers, the number of farmers participating in USDA surveys is on the decline.

June sales of tractors dropped 16% compared to 2023, while combine sales were down 31%.

Markets Overdue for a Correction

Weather and Farmer Selling Also Factors