Marketline report for Monday, August 19th
VACLAVIK ... "China says that its pig herd is down 32% in July versus the same month last year, according to the country's agricultural ministry. The African Swine Fever continues to spread. There appears to be no end in sight. Analysts in China believe that the numbers will fall even further during the latter part of 2019 and into 2020. China did buy some U.S. pork last week, according to yesterday's export sales report and that is despite tariffs a despite a report that they would halt all U.S. ag purchases, which appears to be only partially true at this point. Cattle futures were mixed. Cash cattle $105 to $106, which would have been off quite a bit on the week. Of course, this plant fire in Kansas is what kind of set off the whole thing."
Chicago Sept Wheat prices closed yesterday up 1 ¾ at 470 ¼
Sept Corn was up 10 ¼ at 371 ¼
Portland prices for soft white wheat of Ordinary Protein for Aug ended the day unch ranging from 5-55 to 5-85 Hard Red Winter wheat with 11 ½ % protein, prices for Aug were up 4 ½ ranging from 5-14 ¼ to 5-24 ¼ DNS wheat with 14 % protein, prices for Aug were up 3 ½ ranging from 5-81 ¼ to 5-86 ¼
Live Cattle for Aug were dn $.27 ½ at 99.80 Aug Feeder cattle are dn $1.20 to 134.60 Aug Class III milk was dn .02 cents at 17.62