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Tidbits, USDA Numbers, Strategic Petroleum Reserve, Export Sales 3/29/24

CBOT Grain, CME Livestock and Dairy & NYMEX Energy Markets are closed on Friday March 29. Trade resumes normal evening session on Sunday April 1.

 

Highlights


USDA reported all cotton planted area at 10.7 million acres, up 4% from last year. Upland area is estimated at 10.47 million acres, up 4%. American Pima area is estimated at 203,000 acres, up 38% from 2023.

 

The USDA also released its Quarterly Pig Crop Report yesterday. The winter pig crop was up 2% from last year even though the number of sows farrowing during that period was down 3% from previous year. The average pigs saved per litter was 11.53, compared to 11.02 a year ago.

 

For corn and soybean producers, the number of market hogs that will be eating corn and meal the next 6 months will be 1% more than a year ago.   

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