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(A.F.) TIME FOR THE
MARKETS WITH
LEIGHTON...
A LITTLE DIP IN CATFISH
PROCESSING THIS
SPRING...
(L.S.) BUT THE DROP
DOES SEEM TO HAVE
HELPED POND-BANK
FISH PRICES...
MEANWHILE LATE
WEEK RAINS GIVE SOME
VOLATILITY TO THE
COTTON MARKET.
>>>TAKE GRAPHICS
ALSO THIS WEEK...
THE NATIONS CATTLE
HERD GETS LARGER,
BUT DEMAND KEEPS
UP...
U.S. PORK EXPORTS TO
CHINACONTINUE TO
INCREASE....
AND DRAMATICALLY
BETTER SOYBEAN
PRICES ENTICE
GROWERS TO PLANT
MORE....
>>>TAKE OUT GRAPHICS
>>> L.S./CATFISH
REPORT
WE LEAD THE MARKETS
WITH MONDAYS
GOVERNMENT
SNAPSHOT OF THE U.S.
FARM-RAISED CATFISH
INDUSTRY.
THIS NEW REPORT
REFLECTS THE MARKET
IN THE MONTH OF
APRIL...
>>>TAKE GRAPHICS
U.S. PRODUCERS
RECEIVED A POND-BANK
PRICE OF A DOLLAR AND
17-CENTS PER POUND
FOR PREMIUM-SIZE LIVE
FISH IN APRIL.
THAT IS AN INCREASE
OF 2-CENTS FROM THE
MARCH FIGURE, AND IS
UP 4-CENTS PER POUND
FROM THE SAME TIME A
YEAR AGO.
FARM SALES TOTALED
22-AND-A-HALF MILLION
POUNDS ROUND
WEIGHT, WHICH
REFLECTS A DROP OF
13-PERCENT FROM APRIL
2015.
PROCESSOR SALES
WERE HEADING THE
OTHER DIRECTION LAST
MONTH, INCREASING
OVER 5-AND-A-HALF
PERCENT, ACCORDING
TO TERRY HANSON AT
AUBURN UNIVERSITY.
>>>TAKE OUT GRAPHICS
>>> L.S./CATTLE
ANALYSIS
IN THE BEEF SECTOR,
MANY ANALYSTS ARENT
FALLING IN-LINE WITH
WHAT THE
FUNDAMENTALS OF THE
CATTLE MARKET ARE
INDICATING.
TRADER DARIN
NEWSOM OF D-T-N IS
ONE OF THOSE WHO
BELIEVE CATTLE PRICES
ARE GOING HIGHER.
HERES HOW HE SIZES-
UP THE SITUATION...
>>>TAKE VIDEO/SOT
>> DARIN NEWSOM
D-T-N SENIOR MARKET
ANALYST
I KNOW THE
FUNDAMENTALS ARE
BEARISH, I KNOW THE
HERD SIZE IS GETTING
LARGER, DEMAND IS
KEEPING UP AT THIS
POINT.
WE'VE GOT VERY
IMPRESSIVE CHARTS,
IMPRESSIVE MONTHLY
CHART AFTER WE
POSTED A NEW APRIL
LOW, WE WERE ABLE TO
BOUNCE BACK, LOOKS
LIKE WE'VE GOT A TWO
MONTH REVERSAL
GOING ON IN HERE.
THE FEEDERS LOOK
PRETTY GOOD
ACTUALLY.
ITS INITIAL TARGET IS UP
AROUND $155 ON THE
AUGUST CONTRACT.
SO IT MAY LAG LIVE
CATTLE A LITTLE BIT AS
FAR AS ACTIVITY GOES.
BUT I THINK WE'RE
GOING TO GO AHEAD
AND SEE THE FEEDER
CATTLE PUSH HIGHER
AS WELL.
>>> L.S./HOG ANALYSIS
THERES ALSO SOME
OPTIMISM IN THE HOG
SECTOR OF THE
LIVESTOCK MARKET.
EXPORTS TO CHINA
HAVE BEEN A BIG HELP
AS FAR AS THE PORK
TRADE.
HOWEVER A LOT IS
RIDING ON WHETHER
BEEF PRICES HOLD-UP,
ACCORDING TO ANALYST
TED SEIFRIED.
HE BANTERED WITH
MARKET TO MARKETS
MIKE PEARSON ABOUT
THE PORK TRADE.
>>>TAKE VIDEO/SOT
>> TED SEIFRIED
V.P. - ZANER AG HEDGE
I AM OPTIMISTIC,
CAUTIOUSLY OPTIMISTIC
THAT WE'RE GOING TO
GO TRY THOSE HIGHS
AGAIN AND MAYBE SEE
WHAT WE CAN DO WITH
THAT.
IF WE CAN GET OVER IT,
IT WOULD REALLY HELP
TO SEE SOME BIGGER
EXPORTS, AGAIN, GOING
TO CHINA.
THAT WOULD REALLY
GET US EXCITED AND
THAT WOULD CERTAINLY
GET YOUR SPECULATIVE
TRADER EXCITED AGAIN.
MIKE PEARSON: BUT IF
WE DON'T, MAKE SOME
SALES.
TED SEIFRIED: IF WE
DON'T, WE'RE LOOKING
AT A PLACE TO BE
MAKING SOME SALES.
THE BIGGER CONCERN
THAT I HAVE IN HOGS IS
IF BEEF PRICES ARE
COMING DOWN,
DOMESTICALLY AND
ABROAD, DO WE LOSE
SOME DEMAND THERE...
>>> L.S./TRIVIA
QUESTION
LETS CHECK-OUT OUR
TRIVIA QUIZ FOR THIS
WEEK.
ITS A LIVESTOCK-
RELATED QUESTION.
HERES YOUR FIRST
LOOK...
>>>TAKE GRAPHICS
WHAT COUNTRY IS THE
LEADING PRODUCER OF
SHEEPSKIN AND
LAMBSKIN ?
IS THE ANSWER...
NEW ZEALAND ?
AUSTRALIA ?
THE UNITED STATES ?
OR CHINA ?
STAY WITH US FOR THE
ANSWER...
>>> L.S./SOYBEAN
ANALYSIS
ITS THE SECOND HALF
OF THE MARKETS HERE
ON FARMWEEK.
AND WE MOVE INTO
THE ROW CROPS.
MARKET
DEVELOPMENTS MAY
HAVE SOME PRODUCERS
PONDERING WHETHER
TO SWITCH MORE
ACRES TO SOYBEANS
THIS YEAR.
PURDUE AG
ECONOMIST CHRIS HURT
SAYS THAT SINCE
MARCH FIRST, BEAN
PRICES HAVE GONE UP
NEARLY TWO-DOLLARS
PER BUSHEL.
BY COMPARISON, HURT
SAYS CORN HAS ONLY
RISEN BY ABOUT 15-
CENTS PER BUSHEL IN
THAT SAME LENGTH OF
TIME.
HURT TELLS
BROWNFIELD AG NEWS
THIS IS ONE OF THE
LARGEST INCENTIVES
HES EVER SEEN FOR
GROWERS TO PLANT
MORE SOYBEANS.
>>> L.S./COTTON
ANALYSIS
THE MAY SUPPLY-
DEMAND NUMBERS
FROM THE U-S-D-A ARE
BEING DESCRIBED AS
BEARISH AS FAR AS THE
COTTON MARKET IS
CONCERNED.
THIS, EVEN THOUGH
WORLD COTTON
STOCKS ARE DECLINING
ACCORDING TO THE
FIGURES.
ANALYST LOUIS ROSE
TELLS AG-FAX-DOT-COM
THERES NO REAL
REASON TO EXPECT
DECEMBER FUTURES TO
TRADE FAR FROM THE
SIXTY - TO- SIXTY-THREE
CENT LEVEL IN THE
COMING WEEKS.
>>> L.S./TRIVIA ANSWER
BACK TO THE TRIVIA
QUIZ TO WRAP THINGS
UP FOR THIS WEEK....
D IS THE ANSWER.
CHINA IS THE WORLDS
LEADING PRODUCER OF
SHEEPSKIN AND
LAMBSKIN.
>>> ROBOTS
>> FORD -