An Explosion of Disease

An Explosion of Disease. I’m Greg Martin. This is Market Line

Market Line July 28, 2009

Periodic rains and mild temperatures, while providing what have been perceived as near-perfect growing conditions for crops, have also caused an explosion of disease in U.S. corn fields this summer, threatening to slice yields across the Corn Belt. The moist, cool weather has kept corn plants from coming under stress during the yield-crucial pollination period, but despite the favorable growing conditions, Monday’s U.S. Department of Agriculture crop progress report showed corn conditions slipping around three-quarters of a bushel nationwide.

The cattle market is showing a bit of concern. Louise Gartner with the Linn Group.

GARTNER: The cattle market – cash very quiet. The box beef with a little change sitting at 143 and the choice at 137, movement was very light at just 196 loads.

On Monday Chicago Sept wheat was 516 ¼ dn 4 ¼

Sept corn closed off 1 ¾ at 320 ½

Portland soft white wheat 5.15 to 5.32 up 10

Club wheat mostly 6.10

HRW 11.5 % protein mostly 5.88

DNS 14% protein mostly 6.87 up 3

October live cattle closed up .225 at 90.575

October feeders 103.200 up .450

Sept Class III milk 12/28 up .12

I’m Greg Martin and that’s Market Line on the Northwest Ag Information Network.