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Collision Damages Grain Dock in Argentina – Grain News

jim photoGood Morning,

Yesterday started out pretty quiet until about 9:00am when I started receiving some emails talking about damages in a port in Argentina. The markets started rallying and my phone started ringing asking what was going on? This is what we know so far: An ocean vessel fully loaded crashed into a dock in the Argentine port of Rosario destroying the grain infrastructure at the berth. One half of terminal six is operational but blocked with debris and the other half has suffered “serious damage”. Reports that are coming out are saying that it will take a few months to get things back up and running again. Argentina exports represented 48% of the world soyoil exports, 45% of the world bean meal exports and 16% of the world corn exports.

The US Treasury Secretary is in China this week for trade talks and reports coming out from the ongoing negotiations on NAFTA are saying that we should have a deal by late June.

Corn in the overnight trade is currently trading flat. Yesterday’s trade had corn up 5/6 cents through July of 2019. USDA announced this morning the sale of 107.6 tmt of old crop corn to unknown. Beans are currently up 5 cents on the nearby and wheat is down 3 cents. Soil temperatures in the area are still running on the cool side. Warmer weather coming in next week should help turn that around and get the planters in the area rolling.

Ethanol production fell to the lowest level since harvest, though that’s not unusual as blenders start to make the transition to summer gasoline stocks. Inventories rose last week but prices rebounded from early selling on turnaround in crude prices.

Corn and beans were disappointing and wheat was above expectations.

As 2018 spring planting gets underway, don’t let you marketing fall by the wayside. It’s easy at this time of year to get caught up and focused on the work at hand and miss rallies in the market. Avoid the mistake by having your open offers in place allowing you to focus on getting the seed in the ground. Currently our Price Builder Bonus contracts can get you $4.31 on new corn and $10.74 on your new beans. Contact your Landmark Grain specialist to get top dollar for all your hard work. As always keep yourself and your family safe in this busy time of the year.

Happy Planting,

Jim Fleming

Posted in Blog, Grain

Welcome Spring! Grain Marketing Commentary

Welcome Spring! Amazing how one week makes a difference in weather. The market will look for advances in planting with favorable weather forecasted for most the of the US. While Southern Brazil has not seen rain in two weeks and looks dry for the next 14 days affecting the Safrina corn crop.

Corn planting is behind at 5% vs expected 7%. The 5-year average is 14% and last year was 15%. Something to note but will change this week with ideal weather is 4% of Illinois is planted vs their normal at 20%. The market seems to not be concerned about any of this “planting delay”. The chatter is also stating we have more in the ground in Missouri.

Soybean planting is right in line with the average and expected at 2%. Last year we had 5% planted. The market is talking about China buying from Canada and South America. The Real in South America is weaker against the US dollar. Funds continue to liquidate oilseed yesterday causing beans to be lower. Funds continue to have a very long position in soybean meal. We have seen that in the past for two to four months.

Winter wheat is still 31% good to excellent, no change from last week. Comparing to last year at 54% good to excellent. Spring wheat planting is 3% complete vs 21% last year and 25% on average. The market was looking for some improvement in wheat conditions with rain last week. This is giving some support to wheat prices.

Remember to put offers in before you go to the field. We are here to help you meet your goals. Make sure to be safe. Happy field work and planting time!

 

Melisa Schmidt
Melisa.Schmidt@landmark.coop

Posted in Blog, Grain

Simple Steps for Selecting Show Pigs

There are a lot of things to take into consideration when getting ready to pick out your 2018 fair pigs. Getting your pigs’ housing, health, and feed ready to go and making sure they are in your price range are all factors to consider. Some of the basic things to look for while picking out your pigs, are also some of the most easily overlooked things, such as healthsize, and structure.

  1. Health is the easiest and most important thing to look for while picking out your future livestock. It’s an easy identifier to see if you will have more problems down the road. The best way to stop the spread or start of any sickness is to catch it beforehand. Weight and size are easy indicators of potential sickness.
    • Size & Weight – If the pigs are drastically undersized and underweight compared to other pigs their age they have probably been exposed to a virus and could still be carrying it.
    • Eyes – If you’re seeing a plethora of abnormal mucus, they appear crusty and discolored, this can be a sign of pink eye. It is easily spread from animal to animal.
    • Ears – Down ears on an up-eared pig (York, Hampshire, Tamworth, and Berkshire) should be an immediate concern. Not only would that be enough to drop your placings in a purebred class, but they should never be down. This could also be a sign of sickness.
    • Ruptures – Health issues like hemorrhaging can inhibit the animal’s ability to grow, as well as get you disqualified from most shows.
  2. Size is another concern while picking out future livestock. If your pigs vary too much in size, there’s a high probability there will be a difference between them in the future. Unless of course, you can separate them to help aid feed intake.
    • Weight at purchase – You must also take into consideration the weight of the pig at purchase and what it will take to get them to fair weight. However, some breeds are slower growers. On average, a pig needs to eat 4 to 5 pounds of feed, to gain roughly 1 pound a day. Most pigs, have an average gain rate of 1.5 to 2 pounds a day. Some days they will gain more and on hot summer days, they may gain less. It all depends on their eating habits.
  3. Structure should say a lot to you as well as the judge.
    • What to look for – You are looking for a pig that is balanced, wide from his shoulders to his rump, his back should not have a large dip or sway to it and should be level with a nice crease down the center.
    • Feet – It’s of the utmost importance that they walk sound and well on their feet. If your pig has bad feet and cannot walk well early in its life, it’s likely those problems will continue. Poor feet will inhibit your placing in the ring as well as possibly hinder the pigs’ ability to get to the feeder and water in the pen.

While these are all important factors to keep in mind, please remember to consider your county and state fair rules, while getting ready for the 2018 show season.

*Friendly reminder: If you’re buying your pigs from a sale, it’s helpful to get the owner’s name and phone number in the event you need to contact them. Most breeders appreciate knowing how your pigs do throughout the show season and are typically very willing to answer any questions you might have. Older 4-H or FFA kids are also a great resource as well as the adult leaders and your local Landmark feed provider. It never hurts to ask for help. Good luck with your 2018 show season!

Posted in Animal Nutrition, Blog