[Fri]: News of an African swine fever hog identified in Germany adds a new layer to the demand side of both pork and beef, The Cattle Report said. This threatens the possibility of a shutdown of pork exports from the EU to Asia. The beneficiaries would be both U.S. pork and beef as buyers seek to replace European Union exports… [Thurs]: Afternoon National Slaughter Cattle Review / National Daily Boxed Beef Cutout And Boxed Beef Cuts - Negotiated Sales - Afternoon: Cutout, Choice: -$2,12, Select -$0.19 / Thus far for Thursday negotiated cash trading has been limited on light demand in all feeding regions… The cattle market remains choppy. The beef trend is lower and futures are trading at a wider than normal premium to cash, according to Stewart-Peterson…

 

Farm Commodity Newsletter/Iowa Farmer Today

 

Fri 9/11/2020 9:16 AM

 

Cattle - Choice box prices moved lower to close the week. A weakness in demand after Labor Day may be short lived as numbers tighten into October, according to The Cattle Report.

 

Wholesale boxed beef prices were lower for the sixth straight report, tightening the Choice/Select spread to $13.51, Alan Brugler of Brugler Marketing said.

 

Swine fever found in Germany

 

News of an African swine fever hog identified in Germany adds a new layer to the demand side of both pork and beef, The Cattle Report said. This threatens the possibility of a shutdown of pork exports from the EU to Asia. The beneficiaries would be both U.S. pork and beef as buyers seek to replace European Union exports.

 

Thu 9/10/2020 4:33 PM

 

Boxed beef cutout values this afternoon were not available.

 

October live cattle were up by 40 cents and December cattle closed higher on the day but well off early highs, according to The Hightower Report.

 

The cattle market remains choppy. The beef trend is lower and futures are trading at a wider than normal premium to cash, according to Stewart-Peterson.

 

Hog market shoots higher

 

The hog market shot up today on the news that African swine fever was found in a dead wild boar in Germany near the Polish border, according to The Hightower Report.

 

The obvious concern is that the disease would spread into Germany’s pork production facilities and the thought in the market is that this will add to demand for U.S. pork, according to Karl Setzer of Agrivisor.

 

Grain markets hold for USDA report

 

The grain markets were mixed as traders waited for Friday’s USDA crop production and supply and demand reports, according to The Hightower Report.

 

The Brazilian firm CONAB came out with production numbers and it pegged the past year’s soybean crop at a record 124.8 million metric tons, up from the 120.9 mmt in its August estimate, according to Karl Setzer of Agrivisor.

 

Corn

 

Analysts in Argentina are not optimistic as their Brazilian neighbors about crop production this year, with estimates down from a year ago, according to Karl Setzer of Agrivisor.

 

Corn prices were moderately higher today as traders waited for Friday’s USDA reports, according to The Hightower Report.

 

Soybeans

 

November beans were down slightly on the session, breaking a streak of 12 consecutive days of the market closing higher, according to The Hightower Report.

 

There was talk of frost damage in the Dakotas and Minnesota and also discussion that the weather conditions may be similar to 2003, when USDA lowered the average yield by six bushels between August and January, according to Stewart-Peterson.

 

Wheat

 

December wheat closed higher but still off the highs amid talk of dry conditions in the Black Sea region, according to The Hightower Report.

 

European futures are at their highest levels since July and the U.S. dollar is lower, according to Stewart-Peterson.

 

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