The U.S. agreed to revise its trade deal with South Korea and spare the country from President Donald Trump’s steel tariff, as the allies sought to resolve disputes before planned meetings with Kim Jong Un.
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.
Money Matters columnist Kent Bang of Compeer Financial says timing in the marketplace is nearly impossible now, not knowing how long ASF will continue to reduce Asia's swine herd or how much pork is in their freezers.
The numbers came in as economists expected in the September Quarterly Hogs and Pigs Report. According to USDA’s inventory of all hogs and pigs on Sept. 1, 2018, total inventory was 75.5 million, up 3% from a year ago.
Chicago Mercantile Exchange live cattle settled higher after Wednesday’s volatile session, supported by the uptick in wholesale beef values and futures’ discounts to this week’s cash prices, said traders.
As of December 1, there were 73.2 million hogs and pigs on U.S. farms, up 2 percent from December 2016, but down slightly from September 1, 2017, according to the Quarterly Hogs and Pigs report published today.