decrease font size
increase font size
change type face
bookmark this page
email this page
print this page
ThePigSite Latest News
Monday, May 14, 2007
Print This Page Corn price up sharply on lower USDA stock etsimate
NEW YORK - Cattle, hog and chicken producers were already complaining about the high cost of feed when the USDA released its corn crop stock report indicating yields would be down nearly 10.5% from analysts estimates. The news pushed corn futures on the Chicago Exchange up sharply.May corn rallied 15 1/4 cents to $3.61 per bushel on the CBOT, while July surged 14 3/4 cents $3.69 1/4, and December gained 18 cents to $3.74 1/2.
Technical buying also added to the gains after July fell to six-month lows Thursday and settled below its 200-day moving average for the first time since September.
To continue reading this article please click here
Source: Axcess News
More of the latest Pig Industry News
Uncertainities in Tackling GHG Emissions Accepted
Hans Enters Voluntary Administration
Milk Crisis Spills Out on All Food Sectors
Bavarian Farm Provides Feeding for 750 Breeding Sows
EU Pig Prices: Lateral Movement in Markets
Pork Commentary: Darkest Before the Dawn- TOPIGS Canada Purchases Maple Leaf Agri-Farms
- New PRRS Virus, Possible Vaccine Failures Reported
- Canada to Consult WTO on COOL Regulations
Producers Burdened with New Disposal Cost
