Markets Articles
Meat Companies Accused of Falsely Inflating Pork Prices
Published July 2, 2018
A class action lawsuit is accusing Hormel, Tyson Foods and other meatpacking companies of falsely raising the price of pork products with the help of the information-sharing service Agri Stats. Filed in a Minnesota court, the complaint accuses the meat…Canada Responds to U.S. Tariffs
Published July 2, 2018
The Canadian government has officially responded to the U.S. tariffs on steel and aluminum. The retaliatory tariffs target a variety of U.S. products, including U.S. beef. The tariffs on U.S. beef total $170 million. The National Cattlemen’s Beef Association released…A Neutral Stocks Report
Published June 29, 2018
USDA’s quarterly stocks and acreage report is mostly neutral. Stewart-Peterson Senior Market Advisor Brian Doherty says the corn acres could be the big surprise. "The March number was 88.03 million acres. Last year's was 90.17 and with good prices for beans…State-by-State Numbers Updated
Published June 29, 2018
Compared to last year, soybean acreage is down in North Dakota and Minnesota and up slightly in South Dakota. USDA estimates North Dakota soybean acreage at 6.6 million acres. That’s down from just over 7.1 million acres last year. Minnesota…Bearish Hogs and Pigs Report
Published June 29, 2018
USDA’s quarterly hogs and pigs report offered a bearish surprise to the market. Kerns and Associates President Joe Kerns sees the breeding herd category as the biggest surprise. That number was up three percent from last year. The total inventory…Analysts Waiting for USDA Report
Published June 29, 2018
Traders are waiting for the USDA’s Quarterly Stocks and Acreage report that is out at 11 a.m. RML Trading President Bob Lebacken says these reports can be market movers. "Sometimes it can be a pivotal time of the year. Sometimes…Promoting Pork in the DR
Published June 28, 2018
Two Minnesota pig farmers, Randy Spronk of Edgerton and John Schwartz of Sleepy Eye, participated in the Latin American Product Showcase in the Dominican Republic. Spronk said these buyers are looking for whole muscle cuts. "We were on a market…Storms in the Forecast
Published June 28, 2018
World Weather Incorporated Senior Ag Meteorologist Drew Lerner says frequent showers and thunderstorms are expected in the next week. Lerner says there could be some hail and damaging winds with those storms. "There's going to be a ridge of high…Corn Acreage Could Get Attention
Published June 28, 2018
Loewen and Associates President Pete Loewen thinks corn acreage will get the most attention in Friday’s USDA Acreage Report. "If you take a look at what the fund efforts have been, which have been heavy on the sell side in recent…