Dairy Is On a 16-Month Heater, Corn Prices Are Falling With Oil Prices

Dairy Is On a 16-Month Heater, Corn Prices Are Falling With Oil Prices

On today's podcast the dairy industry is on a 16-month track of higher YOY production. On the other hand, corn prices continue to stumble as oil prices fall as well.

High Replacement Prices Are Impacting Dairy Culls, Corn Futures Took a Step Back

We start with a review of the latest USDA Livestock Slaughter report and how replacement values are impacting cull cow slaughter. We also talk about the slide in corn futures that parallels oil markets, and how tech companies continue to support Wall Street indexes.

Farmers Need Blinders On to Stay Focused On Marketing Fundamentals This Crop Season

In our conversation today we talk to Britt O'Connell, senior director of grain risk management with Ever.ag. Britt offers great insights into the volatility in grain markets, with geopolitical impacts of Iran and China, weather diversity throughout the U.S., the impact of fund investors and managed money. To survive, farmers need to know their business fundamentals and put on their blinders to stay focused on their marketing opportunities.

Cattle On Feed Report Is A Bear, Milk Production Continues to Grow

USDA's May Cattle on Feed report showed placements ahead of a year ago but reduced marketings, leading to a bearish feeling in the markets. May milk production was up on--you guessed it--a larger dairy herd. In investment news, the surge in risk free treasury yields is sending bond investors in search of better opportunities.

Cargill Forces Lockout, Corn Markets Slide, SpaceX Goes Public

Today we start with Cargill announcing a lockout at one of its facilities, then we pivot to corn markets sliding a bit after a rally. We finish with news of SpaceX going public.