U.S. leads global milk production growth

Milk production is going up in the U.S., Argentina, and New Zealand while declining in Australia and the European Union. USDA’s July World Markets and Trade report says U.S. farmers increased herds in anticipation of new processing capacity.  U.S. exports were also strong in the first five months of this year supported by competitive prices…Continue Reading

Soybeans, corn lower to finish the week

Soybeans were lower on fund and technical selling.  August beans were down 5 and ½ at $9.98 and ¾. The market is also watching crop development conditions, which have been hot.  The market is looking ahead to next week, waiting on a crop condition update from the USDA, which comes out on Monday – and…Continue Reading

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