Tag Archives: Hogs

In a flurry of meeting with reporters Tuesday in London, President Donald Trump says he has no deadline for finalizing a complete trade deal with China.

China and the U.S. are still working to reach a phase one agreement, with an unofficial deadline of December 15, but an overall agreement may extend beyond the 2020 elections. Trump told reporters, “In some ways, I think it’s better to wait until after the election.”

Trump says China wants to reach an agreement, adding, “the China trade deal is dependent on one thing: Do I want to make it?” Trump claims he is doing “very well” in the talks with China. The President also pointed out the $28 billion in trade aid given to U.S. farmers, with “many billions” leftover, adding about the funds, “that got them whole.”

China wants Trump to remove tariffs in reaching a phase one agreement that also includes $40-$50 billion in purchases of U.S. agricultural products over two years.

Another solid week on the cash cattle.  Could there be a correction headed our way?  Any holiday pressure that might work into.  How are cattle weights.  Holcomb KS plant to start back up this week.  How do you think the market react?  Funds are long.  Some red flags popping up.  Hogs…way to cheap but China is playing a role in that.  10% of corn crop still in the field.  Basis in corn market.   China on again off again.  December 15th…will we see changes before then? Mixed grain markets.

Markets closed early on Friday for the Thanksgiving holiday.   This year’s crop outcome-what will be harvested is about there-this could move the markets higher as reality sets in that all the crop won’t be out before 2020.  How will this change the basis?  Cash will win in the end.  South American production-any issues heading into December.  December 15th deadline looming with China-will they just continue to buy what they need?  Corn exports saw some improvements this past week.   Getting a final spike trade in the dairy industry.  Still seeing some Chinese purchases for milk powder.  Weeks snowstorms and upcoming weekend weather be of concern to the feeder cattle market?

Corn continues to see slop progress in harvest with over 3 billion bushels still out. Beans have been in a difficult spot, many still question the USDA reports. Hong Kong-is this causing a slow down in getting a trade agreement in place. South America supplies are running small. Cattle futures see a lower trade & ASF spread & the market effects.

Nice to have green on the screen even with bad trade news.  Weekly crop progress report. Kansas Wheat condition.    the corn market analysis going into next week & beyond. Lower U.S. dollar, Global plantings.  Propane shortages continue with the need for harvest dry down.  Thoughts of exports.  Cattle is hitting some lofty levels.  Holiday pressure begins.

Turn Around Tuesday-sort of. Market deals with outside market pressure from lack of talks from China. Pushes coming to D.C. to move forward with USMCA. Harvest delays, planting progress in South America. Cattle market could continue to move higher in the weeks ahead. Worries of heavier cattle coming to market. Hogs have seen some struggles.

 

Cattle market makes another day of new highs except for December.  Will this strong trade continue?  Firmer cash market last week.  Rumors we might see the Holcomb KS plant open earlier.  Average weights are above a year ago.  Lower grain markets.  Year ago today March Corn 2nd largest crop…but still at the same price today.  How much did the USDA WASDE glitch effect the markets?

New lows in the corn on a Thursday as markets set up for the Friday WASDE Report. China continues to play a role in the markets both on the soybean & hog side of the trade. Demand for corn isn’t good, cattle crazy with export increases on the way.