Tough Times in 2019 and China Buying U.S. Soy
**It's not news that the ag industry has been in a tight financial spot for the past several years, and 2019 could offer more of the same.
According to agweb.com, bankers are more optimistic as they're not seeing as much bankruptcy and foreclosure, but that doesn't mean farmers are staying in business.
Rabo AgriFinance's Curt Hudnutt says more farmers today are choosing to retire instead of filing chapter 12 bankruptcy.
He says we're seeing more loan defaults in the industry as a whole.
**Superior Livestock Auction is dedicated to remaining America's leader in livestock marketing, and in order to better serve its growing customer base is announcing their auctions will soon be broadcast from a new channel, SLA-TV, in 2019.
Agrimarketling.com reports, the move allows Superior to expand its video auction broadcast through an independence that will allow them to continue to be innovative and to focus on what's best for the livestock industry.
Superior Livestock's Bellringer Auction will be broadcast on Dish channel 998.
**China is back in the market for U.S. soybeans after taking a holiday break as Washington and Beijing plan more trade discussions.
According to agweb.com, China's biggest food company, Cofco was asking for prices last week for February and March delivery. While there's talk some purchases have been concluded, no official word has been made.
The renewed interest comes as trade talks between the two countries are resuming.