Unfortunately, we lost $10- $12 in the futures market in just 6 weeks. Using the latest hogs and pigs report numbers we are probably going to set new weekly slaughter records this fall. With that said, I do not see the need for packers to chase cash hogs for a while, writes Allan Bentley, US Sales. I do not study technical charts that much, but any kind of retracement for winter futures months need to be sold. Getting through that time with limited red ink on the books seems to be the best option. The good news according to the latest yield estimates, corn will be abundant. With the corn crop getting close to the finish line, and a national yield of 175, I do not. Read more...
The growing population, increases in household income and water scarcity are key drivers for the protein industry, and technology that can increase production and improve animal welfare will be important in meeting these challenges, according to Francois Fraudeau, president and CEO of Novus International. François Fraudeau, president and CEO of Novus International,speaks about key drivers in the agricultural industry. "The key drivers for agriculture and animal nutrition together have actually not changed for the last 25 years, and these are the increasing population and the increasing income of the household," Mr. Fradeau said. "We. Read more...
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