FEEDSTUFFS PRECISION PORK Market Report - April 3

U.S. Department of Agriculture plantings and ending stocks
estimates were released this past week and because this was a
survey taken in the first weeks of March, and the world has
changed drastically since then, Bauer notes that it's widely
accepted that we'll need more time to fully grasp just what
farmers will load into their planners in the weeks to follow.
Quarterly grain stocks were a non-event for beans and wheat and
slightly supportive of corn by number, but if we consider that
last year we lost approximately 13 million acres to floods, late
planning and an early winter and as of this report, at least
farmers have shared the intent to bring back all those 13 million
acres and a smidge more at roughly 14 million acres. 


Pork exports were released on Thursday with total net sales of
38.2 million metric tons down 1% from last week and up 88% over
last year. China again represents about 50% of those sales with
some of the new sales represented by initial Chinese importers
participating on the approved tariff waiver program. What’s this
done to prices, Bauer explains.

As always: Plan today for tomorrow's success.


For questions on this week's recap or to discuss other market
questions, just ASK DAVE. 


As always: Plan today for tomorrow's success.


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