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Can Corn Go Even Lower?
Manage episode 398898123 series 3011013
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Starting with grains this week, corn is moving lower again and it's probably not done. This is good for everyone (except corn farmers). Soy and wheat are in the same mode.
Beef harvest is holding up pretty well, but retailers are not interested in beef at the elevated prices pushed by recent storms. Prices are moving lower on most items, except ground beef, which should continue through February. Still a buy-what-you-need strategy.
Only one new Avian Flu case was reported last week. In poultry, wings are moving higher, tenders are moving up, and breasts are holding steady. Production is about the same as last year and demand is good.
Bellies showed no change this week. They should decline into February. Loins are the best value in protein. Pork production is recovering nicely.
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