As 2021 winds down, it’s time to think of next year–thus, My Top 8 Wish List for 2022.
1. Farming
This is a big topic. I know I can’t do it justice but I will try to sum up a few...
By Dennis Smith
312-242-7905
Thursday, December 30, 2021
GRAINS:
Unexpected rain in dry portions of south America has triggered fresh selling in soybeans overnight. Imagine that; rain. Projections overnight pegged the Brazil soy crop somewhere north of 140 MMT, record large. The crop is also about 20 days ahead of average meaning...
The pork industry is wrapping up a pretty good year for most producers financially. For most of the year, and particularly in the summer of 2022, market hog prices were strong. They outpaced higher costs of feed and production....
Last week, Bloomberg News reported that, “China’s reaffirmation of a long-term goal to be almost entirely self-sufficient in pork production means it will keep scooping up global grain supplies to feed the world’s largest pig herd.
“The country, which consumes half...
Water Quantity and Quality and Its Impact on Pig Health & Performance
Todd Thurman, SwineTex Consulting Services
Water is often referred to as the forgotten nutrient. It’s easy to forget water, especially since in modern pork production systems, it’s often out...
By Dennis Smith
312-242-7905
Wednesday, December 22, 2021
GRAINS:
And the beat goes on. Corn prices have not been this high since July 1. Wow. Crazy times. What a huge selling opportunity. Dec corn is priced above 550 and Dec 23 corn is now priced above 500. This is...
In its monthly Livestock, Dairy, and Poultry Outlook report last week, the USDA’s Economic Research Service (ERS) stated that, “Lower-than-expected October pork exports—at about 541 million pounds—prompted a reduction of 30 million pounds to the fourth-quarter export forecast. The...
After This Week, Pork Production is Headed Lower
By Dennis Smith
312-242-7905
Friday, December 17, 2021
GRAINS:
Wheat prices are firm in the wake of yesterday’s upside recovery. Look at the Mar KC wheat, it has recovered nearly all of the losses from Wednesday. Buying wheat calls, establishing bullish positions in wheat has been recommended this...
Over the last several months, labor has been a challenge in many industries—I’ve seen signs posted in restaurants asking patrons to “be nice to our staff, at least they showed up to work”. It’s just one more way the...
By Dennis Smith
312-242-7905
Wednesday, December 15, 2021
GRAINS:
Cash palm oil prices were sharply lower overnight. It appears that the March bean oil contract will soon test 5000. I’ll be watching closely and looking to establish a long position at some point. Monthly crush figures come out...