University of Illinois Extension
April 4, 2008
Darrel Good, Extension Ag Economist – University of Illinois

USDA released four big reports for the corn and soybean markets in March. The Cattle on Feed and the Quarterly Hogs and Pigs report showed the high price of grain and oilseeds had not yet caused a contraction in the number animals being produced in the United States. The Prospective Plantings and the Quarterly Grain Stocks reports showed more soybeans on hand than expected, more soybean acres than expected, fewer bushels of corn, and just about the number of acres the trade figured would be planted this season. University of Illinois Extension Ag Economist Darrel Good tells Todd Gleason it all adds up to some interesting marketing choices for farmers in the Midwest.

 
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