December 15, 2003  pdf

Grain:  WORLD REPORT SHOWS SLIGHT FURTHER TIGHTENING OF FEED GRAIN STOCKS  Chinese Buying Team ‌ 

Soybean Export Sales Slow, Corn Strong ‌ Balance Sheet & Carryover Projections The South American Soybean Crop

Livestock: Updated Lean Hog Seasonal Basis Tables| Impact of Changes to the Lean Hog Cash Settlement Index

December 1, 2003  pdf

Livestock:  LIVESTOCK FEEDING OPPORTUNITIES | Feeder Cattle and Pig Budget Worksheet (Central Iowa)

Grain: Grain Markets Focus on China, South America, Export Sales| Export sales to date | South American crop conditions | Key market indicators to watch|

November 15, 2003  pdf

Grain:  USDA REPORTS: LARGER U.S. CORN CROP BUT TIGHTER WORLD SUPPLIES Price Prospects ‌ History of Chinese Corn Export Projections ‌‌

Livestock:  Cattle AND HOG MARKET UPDATE ‌ Hogs… ‌  Canadian Hog and Pig Imports and COOL… ‌  Hogs... ‌

COOL Comments…

November 1, 2003  pdf

Livestock:  MARKETING CORN THROUGH CATTLE STILL WORKS

Grain:  GRAIN MARKETS SENSITIVE TO CHINA, BRAZIL LOGISTICS, U.S. YIELDS Export Sales: A Key Market Indicator ‌ Brazil problems support U.S. soy export demand Watch Thursday Export Sales Reports ‌ Will U.S. Bean Crop Estimate Drop? Why The Higher Corn Prices? ‌ Marketing Strategies For Volatile Markets

October 15, 2003  pdf

Grain:  U.S. CROP REPORT SHOWS MORE CORN, DRAMATICALLY TIGHTER U.S. SOYBEAN SUPPLIES | World Soybean and Oilseed Supplies | How Much Decrease in U.S. Soybean Product Use? | Key Soybean Price Indicators | Corn Outlook | Hedging Opportunities for Corn |

Livestock:  EXCITING TIMES IN CATTLE MARKET | Supplies of market ready cattle are extremely tight | Demand for beef has been remarkable | Two other factors have contributed to the current market | How long will it last? | Chicago Mercantile Exchange Raises Daily Price Limits for Live Cattle Futures Contract

October 1, 2003  pdf

Livestock:  HOG LIQUIDATION SLOWED | Other Factors...  | Looking ahead…

Grain:  SOYBEAN MARKET CONTINUES UPWARD WHILE CORN DRIFTS LOWER | August 31 Corn & Bean Stocks Above Expectations | How tight are world soybean supplies? | 2004 South American Soybean Production | No Counter Cyclical Payments for 2002

September 15, 2003 pdf

Grain:  SEPTEMBER CROP FORECAST: LESS DAMAGE TO CORN CROP AND MORE TO SOYBEANS THAN ANTICIPATED Soybean Supply-Demand Prospects ‌Counter-Cyclical Payments ‌Australian Crop Forecast  ‌ Yield Variations by State ‌ Will Crop Forecasts Change More on October 10 and November 9? ‌ Geographic Changes in Crop Production

Livestock:  RISK MANAGEMENT AT RECORD PRICES Locking in Prices or Managing Risk...                                                                                                                                                                                                                                       

September 1, 2003 pdf

Livestock:  OPTIMISM IN THE CATTLE MARKETS … | Is not spilling over into the hog complex

Grain:  STRESSED CROPS TIGHTEN SUPPLY-DEMAND PROSPECTS | Crops elsewhere in the world |

Soybean markets | Are yield changes correlated with late-summer changes in crop condition reports?

August 15, 2003 pdf

Grain:  USDA SHOWS TIGHTENING WORLD CARRYOVER STOCKS | USDA Report Highlights | Balance Sheet Projections |  Highlight by State | Impact of Foreign Crop Problems

Livestock:  MID-YEAR CATTLE SITUATION AND OUTLOOK | July Cattle Report... | Cattle Price Outlook…

August 1, 2003 pdf

Livestock:  ECONOMISTS CONSENSUS FORECAST

Grain:  CORN OUTLOOK 2003-04U.S. corn production prospects ‌ Balance Sheet & Supply-Demand Prospects

July 15, 2003 pdf

Grain:  COMBINED WORLD WHEAT & FEED GRAIN CARRYOVER STOCKS INCREASE 195 MILLION BUSHELS FROM LAST MONTH    Corn Supply-Demand Prospects ‌ Soybean Supply-Demand Outlook ‌ International Crop Developments ‌ Other Influences on New-crop Soybean Prices ‌ Crop Conditions

Livestock:  LIVESTOCK MARKET UPDATE  ‌ Cattle Market... ‌  Hog Market... ‌  Country of Origin Labeling ‌ Marketing Considerations

July 1, 2003 pdf

Livestock:  June 2003 Quarterly Hogs and Pigs Report | Inventory Estimates | Price Forecasts | Other Factors |

Grains:  June 30 Stocks Hint that Last Year’s Soybean Crop Was Under-estimated

|  No Corn to Soybean Shift from Intentions |Implications| Prospective Supply-Demand Balance | Regional Acreage Changes | Crop Condition: Approaching 1994 |

June 15, 2003  pdf

Grain:  WORLD GRAIN SUPPLY TIGHTNESS PROJECTED TO CONTINUE | Crop Problems in Former Soviet Republics | Low Rainfall in China | U.S. Balance Sheet Changes | Crop Progress and Condition

Livestock:  CANADIAN BSE INVESTIGATION AND IMPACT | US Market Implications…

June 1, 2003 pdf

Livestock:  BSE IN CANADA | What do we know??? | Canadian Beef Industry… | Imports from Canada to the US |

Market reaction… | Longer-term implications…

Grains:  CROP PROGRESS, GRAIN PRICES, AND MARKETING CONSIDERATIONS | Corn Planting Progress |

Soybean Planting Process | April Soybean Crush Down 8.7% From a Year Earlier | History of US Yields

May 15, 2003 (pdf)

Livestock:  PROFITABLE HOG SALES  | Current Situation | Looking Ahead    

Grain:  USDA’S FIRST CROP PROJECTIONS FOR 2003-04: WORLD GRAIN SUPPLIES TO TIGHTEN FURTHER | Summary | Market indicators to watch | Marketing considerations | What’s behind tightening world wheat and feed grain supplies? | American South Soybeans | U.S. supply-demand projections and Stocks/Use ratio | Planting progress

May 1, 2003 (pdf)

Grain:  OLD-CROP SOYBEAN FUTURES REACH NEW LIFE-OF-CONTRACT HIGH | Overview | Planting Progress: good but not record early | Soybean Planting Progress | Soybean Export Sales Exceed USDA projections

Livestock:  PRICE INSURANCE FOR CATTLE PRODUCERS | What cattle are eligible? | How to apply. | Contract details | Observations

April 15, 2003 (pdf)

Livestock:  A TALE OF TWO MARKETS  | The Cattle Market | The Hog Market

GrainSOYBEAN FUTURES REACH NEW LIFE OF CONTACT HIGHS | Key soybean Indicators | Short-term Export Demand Supported by Brazil Harvest Delays | South American Bean Imports into U.S.? | Will soybean plantings increase from the intentions?

April 1, 2003 (pdf)

Grain:  PLANTING INTENTIONS & GRAIN STOCKS SHOW TIGHTER CORN SUPPLY, WEAKER SOYBEAN PRICE PROSPECTS | Summary | Domestic Corn Feeding | Corn Market Implications | Soybean Market Implications

Livestock:  CONTINUED BREEDING HERD LIQUIDATION | Production and Price Forecast | Other Factors Impacting the Market

March 15, 2003 (pdf)

Livestock:  NEW CONTRACT MONTHS ADDED TO CME LIVE CATTLE FUTURES | Pork Trade Update | Beef Trade Update

Grain: WORLD SUPPLY-DEMAND ESTIMATES SHOW TIGHTENING U.S. SOYBEAN SUPPLIES, DECLINING U.S. CORN EXPORTS | Soybean Highlights | Corn Developments

March 1, 2003 (pdf)

Grain:  GRAIN EXPORTS, WORLD COMPETITION, AND GRAIN BASIS PROSPECTS | Soybean Basis Implications | Corn and the World Market

Livestock:  WHERE DID ALL THE HOGS COME FROM? | To Panic or Not to Panic?


February 15, 2003 (pdf)


Livestock:  FUTURES BASED PRICE FORECAST |  Implied Volatility and Market Risk

Grain:  USDA SUPPLY-DEMAND REPORT SHOWS SHARP DECLINE NEEDED IN SOYBEAN EXPORTS
Key features of report | Market Implications | Substantial slow-down in soybean exports needed | Low U.S. Soybean Carryover Stocks | Market Indicators | Potential Soybean/Corn Acreage Shift | Corn Exports

February 1, 2003 (pdf)

Grain:  GRAIN MARKETS CONTINUE TO STRUGGLE WITH SLOW EXPORT DEMAND | Corn prices and exports | Possible strength from drought worries? | Soybeans | China: Still a key element in the soybean market

Livestock:  JANUARY 1 CATTLE INVENTORY REPORT | Price and Production Implications | Industry Structure | Livestock Risk Insurance Study                                                                                                                          

 January 15, 2003 (pdf)

Livestock:  2002 A ROUGH YEAR FOR CATTLE AND HOG PRODUCERS | Accumulated Returns… | The Year Ahead…

Grain:  GRAIN STOCKS AND SUPPLY-DEMAND REPORTS LIMIT UPWARD PRICE POTENTIAL | Highlights | Implications for corn | Soybeans | Soybean Supply-Demand Prospects | Counter-cyclical Payments?

January 1, 2003 (pdf)

Grain:  RECENT GRAIN DEVELOPMENTS | Why the disappointingly low corn prices? | Why the failure of the soybean rally? | Counter-Cyclical Payments? | Basis Developments

Livestock:  HIGHER HOG PRICES IN 2003 | Production and price forecast… | Other factors…. | Industry Structure…