EPISODE · Oct 27, 2023 · 3 MIN
Good News In Grain & Bad News For 314,000 Turkeys
from Market Trends with Tracy · host Saval Foodservice
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
What this episode covers
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 w...
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Good News In Grain & Bad News For 314,000 Turkeys
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