07-16-2012 08:38 AM - edited 07-16-2012 03:41 PM
Those 20-somethings across the board from earlier today have turned into 30-somethings! Mother Nature sure has everyone's attention!
But, will this be reason for the trade to trim back some of those gains? In today's Freese-Notis Weather commentary, Craig Solberg, the chief ag meteorologist there, says he doesn't expect today's USDA Crop Progress report to show the dramatic cuts in crop conditions that we saw last week. They'll be lower, for sure, but not as sharply lower, he says. Here's a little more on that.
So, will that take any steam out of the weather markets or not?
Wow. I just chatted with a young guy who's family raises cattle in northeastern Arkansas. They've been feeding hay for "some time" and they haven't really had a hay cutting this year. Obviously, things are just about as bad as they can be there, and here's the most striking number he told me: At their local auction, they usually run through about 400 head per week. But, the last 2 weeks, they've gone with 1,100 one week and 1,400 head the next. Folks are really trimming herd numbers and almost seem to be bracing for more trouble down the road, since he said most of those extra cattle going to the market are young calves and mama cows.
Anybody hearing of this kind of increase in marketed calves in your area?
Well, still 20-something higher in corn, soybeans and wheat. Doesn't look like much will budge from those positions all day.
So, one question: I know Blacksandfarmer was talking in here the other day about USDA disaster assistance and how it's been sort of tough to come by just yet. Anybody else looked into that, or anticipate doing so in the near future?
Well, anybody get a drink over the weekend? We didn't. Had that shower Friday morning, but by the afternoon, it was all but sucked into the ground and you could hardly tell it had rained. Heat started ratcheting back up Saturday, and yesterday, I almost thought about frying my breakfast bacon and eggs out on the back porch!
Looks like another big day for the bulls. Beans are about 40 cents higher, corn's about 30 higher and wheat's about 25 cents higher. No, the B-Team's not a broken record!
So, even if you were to get a rain soon, would it save your crop? If you've got corn that's nearing its end like these guys, are you going to try to do anything with those acres otherwise? Chopping it for silage? Trying to plant anything else? At this point, would anything else work?
Agriculture.com Multimedia Editor
07-16-2012 09:11 AM
without rain there is not much to do, except endure.
Winter Wheat acres will grow, at least until there is substantial rain. It is the crop that can go in the cheapest. And it will take a lot of moisture to regain even ground for average production. Probably winter moisture is the best hope. August is not the monsoon season.
07-16-2012 09:23 AM
Anybody thinking about silage? Anybody thinking of chopping that ailing corn for silage? Sounds like the market might be pretty darn good for that right now, with feed being in such tight supplies in some spots. Had a chat with a young guy whose family raises cattle in northeast Arkansas, and he said: "Been feeding hay for some time now and has been using some feed for supplement. The first cut of hay really wasn't there and pastures have dried up since."
Agriculture.com Multimedia Editor