CME: Hog Price Variation Remains Huge

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US – An additional point regarding our packer gross margin estimates — A DLR reader quite correctly pointed out, after reading yesterday’s edition, that beef packer margins are not presently as good as the chart indicates because many packers had made "out-front" sales (ie. forward-priced product 2-6 months in advance) expecting lower-cost cattle by now,…


Morning markets: wheat leads crop price fall into month-end

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Can the sellers get the upper hand this time? For a second day, early deals witnessed bears getting some traction in agricultural commodity markets, notably in wheat, which set course for a third day of losses, on a neutral day for external markets. (Tokyoshares closed up a smidgen, but oil and copper futures were marginally…


Vietnam rice price shoots up

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HANOI (Commodity Online) : Rice price in Vietnam, world’s largest rice exporter climbed sharply after global demand picked up, according to Viet Nam Food Association (VFA). Purchasing price of material rice last week jumped by VND250-300 per kilo to VND8,600-8,700 per kilo for five-per cent-broken rice, and to VND8,45-8,500 per kilo for 25-per cent-broken rice,…


Corn price rise stokes chatter of ethanol curbs

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Markets are witnessing a jump in chatter about measures to curb use of corn in ethanol, even as Brazil cut the amount of the biofuel that blenders are required to mix into forecourt gasoline. A call by Rick Perry, a Republican presidential candidate, last week for an end to the minimum level of ethanol use…


Early price peak for corn and soybeans?

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The 2011-12 corn and soybean marketing years will be characterized by the need to reduce consumption of both crops.  The magnitude of those needed reductions are not yet known and the prices needed to make those cuts will depend on the strength of underlying demand. Based on the most recent USDA projections and the assumption…


Corn woes spur Rabobank to lift grain price hopes

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Rabobank edged its forecast for US grain futures higher, despite warning that the elevated corn prices were driving ethanol producers towards breakeven and could drive exports to their lowest since the 1990s. The bank – in a report which slashed expectations for cotton prices – said that the lower corn harvest expectations following last month’s…


Price of material rice up sharply

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Prices of rice increased sharply over several weeks due to a surge in the world market’s demand for rice , according to the Viet Nam Food Association (VFA). Purchasing price of material rice last week jumped by VND250-300 per kilo to VND8,600-8,700 per kilo for five-per cent-broken rice, and to VND8,45-8,500 per kilo for 25-per…


CME: Price Concern as Hog Futures Drifting Lower

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US – Hog futures have been drifting lower in recent days as market participants have become increasingly nervous about prospects for hog prices into the fall, write Steve Meyer and Len Steiner. Seasonally, hog supplies increase as weather cools off (higher weights) and more hogs come to market. But seasonality in hog prices in hardly…


Thai-Vietnam teamwork to cash in on climbing rice price

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BANGKOK (Commodity Online) : In an effort to take advantage of rising Rice prices, leading exporters Thailand and Vietnam are looking for strengthening cooperation in the matter. Thai rice exporters will meet their Vietnamese counterparts and the Vietnam Food Association in mid-September to evaluate the potential impact of the new government’s revival of crop mortgages…


Wiseman increase milk price

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Competition for raw milk between liquid milk processors and cheese manufacturers has brought an October price increase of 1.85ppl from Robert Wiseman Dairies. It will mean a standard litre price, based on milkprices.com parameters, of 28.425ppl. The company said the new price reflected the continuing strength in the commodity markets, producers’ increased costs, and its’…


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