The United States corn production forecast decreased to 14.63 billion bushels, down 152 million bushels from the October forecast. At 178.9 bu. per acre, the yield decrease of 1.8 bu. came in below pre-report estimates.
Fear of African swine fever (ASF) is on the rise in China and beyond. Major Chinese animal feed maker Tangrenshen Group reported Sunday that feed produced by one of its units had been contaminated with ASF.
Although China linked feeding kitchen waste to pigs for the majority of the early cases of ASF detected in the world’s largest pork-producing country, the cause of the latest ASF outbreaks is not known at this time.
As harvest wraps up, speculation will occur about the acreage decisions farmers will make in 2019. Current market conditions support an acreage increase in corn and a reduction in soybeans in 2019, says Todd Hubbs.
The hog market put in one of its best performances last week as the number of African swine fever (ASF) reports climbed in China. On AgriTalk, Chip Flory talked with Jim Wiesemeyer, Shaun Haney and Tim Burrack about ASF.