Weather ---- March is about over and blowing itself off to the northeast where March will self destruct somewhere in New England. April usual will mean rain or a late wet snow somewhere along the month so pre water may be avoided which is always the start of a better year.
Isn't it always interesting how last weeks rain and snow turns into next weeks red flag warnings for fire in late march. The baseball boys are moving north so it is time to hammer the strip tilling and tune up planters.
futures
Cattle plump shopper pens. 122.65 Up. 0.87
spring break cattle headed to full feed. 152.2 Up 2.325
Good. days are here. Feeders are on the high side of trend trade range.
Grains
Corn @ 5.462 down 0.2
Wheat @ 5.65 down 4.4
Beans @ 13.89. down 4
Cotton @ 81.03 Up. 0.56. After nearly a ten cent slide from the +90 level.......
Corn is still in trend mid to lower side but not trend changing movement. Personally we have shipped our last load of 2020 corn..... we rushed to get her done and got slowed by the arctic and the encroaching glacier that had to get pretty close.
Beans finally lost their grip on $14, but slightly and looking for resistance. Nothing in the news says there is a big crop on the horizon.
Wheat is hard to find but harvest is not that far away and I have visited with one of those good crop problemizers for the panhandle region of OK who tells me freeze damage in wheat is not bad in his area..... The early harvest in Texas and southern okla will be more likely.
Cotton, just had a bad spring last year in this area and will loose acres to Grain Sorghum which has the best price improvement of any commodity in a one year time frame.... Cotton is falling back in price after not being able to keep up.
Wheat, as discussed has lost uptrend. Unless freeze damage is into southern Oklahoma and soon makes the media, It isn't going to in Kansas. If you haven't foolishly priced some new crop. Might be time to consider it in a 20 to 30 percent range. ........... I know that sounds silly but it's wheat, we could loose it twice before June. The most resilient risky crop ever dreamed up. If your within 70 miles of Adams Oklahoma, top dress it and hit it with some herbicide. Do not sell any. Bin it for an august/sept. sale. The protein bonus in that area is the most stable characteristic wheat possesses. The rest of you consider killing it and planting milo or corn. Glyphosate still works great on it.. (Put up a sign "saving the world from Gluten") and collect a Nobel prize. Keep one field back for biscuit and cinnamon role personal use. Just keep it quiet, don't want to woke the fools.
Natural gas is a low $2.683 per McF. up. 0.03
Crude oil 60.15 . down 0.42. -------------------------------------
corn and beans have yet to break trend upward. Corn at worst is getting comfortable at this level..... which signals the absence of negative news. The weather is still in charge.
Cattle........ as the world demands more beef we will do our best to supply. I'd say feeders are a near sell position for a range trade. But cattle are poised to have a very good year. Demand is strong Grilling is better than a trip to the city or a night at the theatre.... healthier all around. let the woke cry for better fake things while they feed each other their fresh salmonella. I am so sick of raw vegetables served with such hype.
feeders and hogs ........All the meats are maintaining an upward trend line long term even as feed costs increase for 7 months now. Hogs finally caught up.
====================
Had our first day of pre school yesterday after "spring break"....... travel snacks was salted peanuts. Hoss and I had no supervision so he rode shotgun w boots and backpack. He keeps it neater then Gma. "Lets open some peanuts, those sunflowers have too much cinnamon on them". -------------- its cracked pepper but the best part of grand parenting is just a straight face and listening. He has learned a lot more words than definitions so far. IT is an adult talk lingo at his house. So he pronounciates exactly but the usage needs schooling. Very entertaining.
