Commodity Reserves

Photo: Blair Fannin, Texas AgriLife Extension Livestock Contracts Seeing Some Support Following last week’s bitter trade, Monday has been a little more fruitful for the livestock complex as all three markets are trading mostly higher. General Comments Looking toward the afternoon the live cattle complex is trading mostly higher following last week’s depressing trade. The lean hog market has changed from trading solidly lower earlier in the day to rallying modestly.

Photo: University of Arkansas Wheat acreage across the Mid-South region has been historically low the last few years, but there appears to be some renewed interest as we arrive at planting time this season. Thankfully, planting conditions are much more favorable than in recent years, which may encourage more planting. Regardless, wheat is a relatively consistent crop that does offer some benefits and diversity from being a “winter” crop.