Good News In Grain & Bad News For 314,000 Turkeys

Corn closed at $4.81 a second week below $5, Harvest is 59% complete.  Export demand is less than robust, I think we may have finally gotten away from $6 corn, at least for the foreseeable future.  This is excellent news for the whole protein industry built around cheap corn.  Soy harvest is 76% done and though there is some uncertainty on international demand, pricing is pretty steady at least right now.  Wheat is surprisingly moving a bit lower, nothing too extreme but with holiday baking season at hand, I’m a bit surprised.Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn