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North Mountain Ag Services

WEEKLY UPDATE JANUARY 24, 2014

NORTH MOUNTAIN AG SERVICES WEEKLY UPDATE Agricultural News: Corn growers have marketing decisions to make. Soybean prices continue to be a challenge for livestock producers. Live cattle futures at historical highs. Retailers challenged with high protein prices. Market Updates: There has been a slight increase in corn basis in many regions this past week as corn producers have dug their heels in and are not interested in selling corn in the current declining corn futures market.  While futures were firm in response to recent reports containing revised 2013 yield data, the market continues to trend lower.  For our grain producing clients, we are recommending a strategy of marketing 20% of 2013 production by the end of February.  The next layer of recommended selling will be an additional 20% by March 30.  While it may seem hard to sell corn...

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