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Tennessee Market Highlights

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Please note that crop comments will be posted online Monday, March 16th at http://economics.ag.utk.edu/cropcomm.html.

FED CATTLE: Fed cattle traded steady on a live basis compared to a week ago based on limited numbers. Live prices were primarily $160 to $161 while dressed trade was mainly $259 to $260. The 5-area weighted average prices thru Thursday were $160.78 live, up $2.91 from last week and $259.09 dressed, up $9.09 from a week ago. A year ago prices were $147.92 live and $239.80 dressed. Continue reading at Tennessee Market Highlights.


Comments on March 10 USDA report and Profitability Update

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Corn U.S. feed grain ending stocks for 2014/15 are projected lower with reductions for corn and barley. Corn use in ethanol production is projected 50 million bushels lower based on the new Grain Crushings and Co-Products Production report recently released by the National Agricultural Statistics Service (NASS). Reported corn use for ethanol for October through January implies a higher conversion rate than previously assumed. Continue reading comments on the march 10th USDA reports and an Profitability Update at Monthly Crop Outlook.


Does Adding a Residual to Burndown Make Sense?

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When planning your burndown does a residual make sense?  That depends on if a follow-up burndown is planned at planting, the expected planting date and what is the intended crop. If the expected planting date is 3 weeks or so off and the plan is to burndown with something at planting then a residual in with the burndown now is probably not warranted. However, if the intended planting date is more than 30 days away, then a residual can provide the advantage of not having a big, grown up mess to have to plant into. Continue reading


Tennessee Market Highlights

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Corn, cotton, soybeans, and wheat were down for the week. Nearby corn continues to trade between $3.80/bu and $4.00/bu. This week soybeans reversed trend and are now poised to test market lows established in late January. May cotton futures dropped 3.5 cents from last week’s high of over 66 cents/lb. Wheat continues to fall as lack of price competitiveness on the global market continues to hurt exports. Since highs in late December wheat futures are down nearly $2.00/bu. Continue reading at Tennessee Market Highlights.