THE GALT FEED MILL WILL NOT BE RECEIVING CORN UNTIL FURTHER NOTICE
The storm on December 15th caused much destruction to acreages, homes, and hog and chicken barn sites in our area. Gold-Eagle Coop did sustain some damage at our Galt Mill site as well. Thankfully no one was hurt and bins can be replaced. We have been in contact with our insurance company and contractors to assess and rebuild. Our thoughts go out to the other people and businesses also affected by this devastating storm.
Goldfield, Iowa (50542)
- Corn Rallying Through Midday
- Front month corn futures are trading with gains of as much as a dime through midday. March Dalian Corn Prices were higher on the 27th to 2,730 yuan/MT (~ $11.37/bu). That is up 278 yuan/MT from their harvest low in September, but is still 119 under the high from last...
- Triple Digit Gains for Cotton
- Cotton prices are rallying through midday with triple digit gains and March within 13 points of the contract high. FAS data showed 391,338 RBs of cotton was sold for export during the week that ended 1/20. The weekly report also showed 197,912 RBs of cotton was shipped during the week....
- Beans Gaining Double Digits
- Soybean futures are another double digits higher through Friday’s midday. Soymeal is also adding to the upside with midday gains of $3.40 to $4/MT. Soybean oil futures are up by triple digits gaining 124 to 139 points to new contract highs. Private firm Abiove estimated the Brazilian soy S&Ds off...
- Double Digit Gains for Wheat
- Wheat markets are back up for the last trading day of the week following sharp drops Wednesday and Thursday. SRW is back up by 9 1/4 to 10 3/4 cents. KC is trading 10 1/2 to 12 1/4 cents in the black. MPLS wheat is gaining 14 1/2 to 18...
- Cattle Rallying Triple Digits
- Front month fat cattle futures are trading higher through midday, with triple digit gains in the summer contracts. USDA has the bulk of cash prices at $136 for the week, though a few traded hands from $137-$138. Feeder cattle futures are working 42 to 87 cents higher through midday. The...
- Hogs Recover at Midday
- Front month lean hog futures are trading mixed through midday. USDA’s National Average Base hog price for Friday morning dropped by $4.12 to $64.52. The CME Lean Hog Index from 1/25 was another 75 cents higher to $79.20. Pork cutout futures are also mixed within 50 cents. USDA’s National Pork...