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The U.S. exported $14.38 billion in ag goods during April against imports of $16.28 billion.

With much of the Upper Midwest processing capacity maxed out in terms of milk production, finding a new home for milk is not an easy task. This is causing dairy farms to dump milk due to the oversupply.

Grains end higher on weather forecast, Drought Monitor, WASDE positioning. Cattle markets lower but did we confirm a top? Hogs consolidate after the recent recovery. Dave Chatterton, Strategic Farm Marketing.

Last week, 34% of the U.S. corn crop was covered in drought, and this week it jumped to 45%. The second crop conditions ratings of the season from USDA-NASS confirmed dryness is starting to deteriorate crop conditions.

A concentration of smoke over a period of several weeks could contribute to lower temperatures and fewer growing degree units for row crops because of reduced solar radiation.

Corn beans mixed w/bull spreading, WASDE positioning, exports & weather in play. Short covering in wheat w/global supply concerns. Did cattle top w/the key reversals? Hogs consolidating. Rich Nelson, Allendale.

July SRW futures fell 11 cents to $6.16 3/4, ending the day near the session low.

Cattle open higher then fade. Is the top in after yesterday’s key reversals & record cash? Hogs consolidating. Corn lower on better forecast, while soybeans see bull spreading. Scott Varilek, Kooima Kooima Varilek.

AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing says hog market recovery rally may be capped by Prop 12 uncertainty.

This proposal has been supported by more than 100 lawmakers and the dairy industry, who argue that children are more likely to drink milk if it has a better taste.