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North Mountain Ag Services

Weekly Update

NORTH MOUNTAIN AG SERVICES WEEKLY UPDATE Agricultural News: Field reports indicate a strong corn crop. Soybean meal prices are fueled by supply questions. Cattle demand continues to fall below expectations. Cash hog prices strengthen in the face of weaker cutout and futures values. Market Updates: While analysts continue to question the impact of this year’s corn crop being later than usual, one thing is for certain- the carryout stocks to usage ratio will be extremely low by historical standards.  If carryout projections stay consistent at 700 million bushels, this will represent less than 6.5% of expected usage.  This past week North Mountain Ag did a field tour of the Midwestern US.  The great news for livestock producers is that the crop looks phenomenal.  While most areas appear to be less mature than this time last year, there were no...

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