Soybeans plummeted on Friday following new USDA projections expecting U.S. farmers to plant a record 89.5 million acres of soybeans this year. This news was coupled with relatively high stockpiles of beans, another factor that…
Pigs Get Pounded on Big Supplies
On Thursday, the USDA released its Quarterly Hogs & Pigs Report, which showed a national pig herd that was 4% bigger than last year, and a record high for this time of year. Hog producers…
Perdue Heads toward USDA Position
Sonny Perdue, the nominee for Secretary of Agriculture, received a warm welcome this week in the Senate at his confirmation hearing. Perdue, the former governor of Georgia, addressed bipartisan concerns about budget cuts, immigration curbs,…
Searing Brazil Scandal Sends Steaks Higher
April cattle futures exploded this week to the highest level in over a year, nearing $1.23 per pound. The price rally is a welcome relief for ranchers who have seen prices rise over 25% from…