Cash cheese slipped below the $2 mark on the Chicago Mercantile Exchange on Thursday.  Barrels lost 3.5 cents, blocks down 5.25 cents on 8 sales and 1 uncovered offer.  Dairy Market News reports milk production and components are declining in the Central U.S. following seasonal trends.  Spot loads of milk are bringing up to $2 […]

     

Reuters news service is reporting that China wants all imports of distiller’s dried grains (DDGs) from the U.S. to be officially certified free of the MIR 162 GMO trait. According to the report, the new requirement is effective immediately. China stopped issuing import permits for U.S. DDGs in June on concerns it might contain the unapproved […]

     

Soybeans were higher on fund and commercial buying. Commercial demand is apparently back, at least somewhat, following the recent decline in price, but contracts did end the day closer to the session’s lows than the highs. There are concerns about dry weather in some key growing areas and the weekly export numbers were extremely bullish, […]

     

There was aggressive spending in parts of the northern cattle country on Thursday, with cattle on a live basis selling at 162.00, and 257.00 to 262.00 dressed. Trade volumes suggest we could see more trade on Friday especially in the South. On the other hand, it’s a good guess that packers are probably troubled by […]

     

USDA reports domestic poultry production for July 2014 was up 6% on the year at 3.744 billion pounds. The preliminary live weight was also up 6% at 4.95 billion pounds, with young chickens accounting for 4.264 billion pounds of the total. All chickens were 4.332 billion pounds, 7% larger, with turkeys at 606.242 million pounds, […]

     

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