Here’s our first crack at a Ag marketing blog. Let us know what you think about it in the Facebook comments and Tweets below! If you want to watch the video instead, just click on Clint’s face! -Landon
No Gainz In Grainz
- We had March corn at $3.47 down .05 on the week and December corn is at $3.79. We’ve been saying this for a few months but we if get a 15-20 cent rally that’s gonna put December corn at $3.95 to $4.00. With all the carry in the market this is definitely something you’ll want to keep an eye on.
- Beans were down 22 cents on the week, so that puts March beans $9.68.
- July Kansas City wheat was unchaged at $4.46.
We HAVE the Meats
The best news of the day was that the cattle were very strong! We had February cattle close at $121 or a hair over that That’s up $2 today and $3 on the week just in the last few minutes. Some cash cattle Started trading at $120 that’s up $3 from last week, so you know, we got a lot of cattle numbers seeing that cash cattle market bounce back up, it’s been really good to see if we get those deferred months back in the mid-to-upper $120s to look at hedging some of the production after the first quarter. The first quarter will be strong, but there’s a lot of numbers to come after that.
Everybody have a good weekend,