CALENDAR



Wheat Seed Program Update

wheat-fieldThe wheat looks great!  For those in the Wheat Seed Program, we're excited to introduce a collaboration with Smithfield Grain and Bayer Prosaro.  Prosaro improves yield and quality of your wheat which in turn impacts your bottom line!  Click here to learn more about the program and what Prosaro can do for your business!  For questions please call Robbie Montgomery at 910-260-1633.

 

Smithfield Grain expands - Ohio

smithfieldsign_embeddedSMITHFIELD, VA. — Smithfield Foods, a $14 billion global food company and the world’s largest pork processor and hog producer, said it is expanding its grain purchasing and handling operations by adding facilities in Harpster and Morral, Ohio. The acquisition of the facilities is expected to connect grain and soybean farmers with new, global markets while advancing Smithfield’s commitment to supply chain sustainability and proving the benefits of its vertically-integrated structure, the company said.


Smithfield said grain purchased at the Harpster buying station will feed hogs throughout Smithfield’s Eastern Hog Production Division. Meanwhile, soybeans from the Morral buying station will be loaded on location and transported to customers around the world, the company said.


“We’re now able to help feed nine million of our hogs in North Carolina with grain we source directly from Ohio farmers,” said Robbie Montgomery, grain origination manager for Smithfield Grain. “With this purchase, we will have the opportunity to make positive impacts to our product quality as well as our environmental footprint by collaborating directly with more farmers.”


The grain buying stations will be incorporated into Smithfield’s existing fertilizer optimization program, a collaborative project between Smithfield and the Environmental Defense Fund (EDF). The program, called SmithfieldGro, provides agronomy resources and tools to help farmers optimize their fertilizer application and improve soil health. The program’s expansion supports Smithfield in reaching its target of sourcing 75% of feed grain from sustainable origins by 2018.

Treated, high yielding wheat seed available - at a discount

wheat-program-2016Smithfield Grain is excited to announce our new farmer seed program for the 2017 wheat harvest season.  The program will provide farmers that partner with us premium seed at a discounted price.  Please call us today to place your seed order, supplies are limited.  Details about the program can be found here -- Seed Program Details

Increase yields (and profit), harvest early

BASIS contractsOur buying stations are setup to receive your wet corn today.  Not only will you get paid more for August delivered corn, you will have more to harvest.  Research shows that farmers lose 8% of their yield by letting the crop dry in the field.  On top of that the crop quality is drastically improved the earlier the harvest.  Another benefit of harvesting the crop early is that you get to avoid bad weather.  Get it out and get on with your business.  Let us know if you have questions about delivering to us early, if there are no questions, trust that it makes economic sense to deliver to us in August.  We hope you have a safe and profitable harvest.  Example-1 and Example-2

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (July) 3.5900 3.6125 3.6425 3.5925 3.5925 0.0025 3.5925
CORN (September) 3.6725 3.6900 3.7250 3.6750 3.6775 0.0050 3.6775
CORN (December) 3.7700 3.7900 3.8200 3.7725 3.7750 0.0050 3.7750
CORN (March) 3.8700 3.8850 3.9175 3.8700 3.8750 0.0050 3.8750
CORN (May) 3.9300 3.9375 3.9775 3.9325 3.9325 0.0025 3.9325
CORN (July) 3.9900 4.0050 4.0350 3.9900 3.9950 0.0050 3.9950
SOYBEANS (July) 9.0675 9.0900 9.1800 9.0900 9.1125 0.0450 9.1125
SOYBEANS (August) 9.1125 9.1200 9.2250 9.1200 9.1600 0.0475 9.1600
SOYBEANS (September) 9.1250 9.1325 9.2350 9.1325 9.1725 0.0475 9.1725
SOYBEANS (November) 9.1375 9.1500 9.2500 9.1500 9.1750 0.0375 9.1750
SOYBEANS (January) 9.2175 9.2250 9.3275 9.2250 9.2525 0.0350 9.2525
SOYBEANS (March) 9.2850 9.3125 9.3875 9.3075 9.3200 0.0350 9.3200
SOYBEAN MEAL (July) 294.1 294.2 296.2 293.5 294.0 -0.1 294.0
SOYBEAN MEAL (August) 296.0 295.9 298.1 295.4 295.8 -0.2 295.8
SOYBEAN MEAL (September) 296.8 297.3 299.1 296.3 296.7 -0.1 296.7
SOYBEAN MEAL (October) 297.0 297.3 299.2 296.3 296.7 -0.3 296.7
SOYBEAN MEAL (December) 298.0 298.0 300.7 297.3 297.8 -0.2 297.8
SOYBEAN MEAL (January) 299.1 299.0 301.5 298.3 298.8 -0.3 298.8
LIVE CATTLE (June) 121.475 121.725 121.775 119.100 119.600 -1.875 119.600
LIVE CATTLE (August) 118.275 118.550 118.800 114.950 115.025 -3.250 115.025
LIVE CATTLE (October) 115.275 115.500 115.550 112.325 112.775 -2.500 112.775
LEAN HOGS (July) 87.025 87.300 87.400 86.250 86.475 -0.550 86.475
LEAN HOGS (August) 78.675 79.000 79.225 77.775 78.550 -0.125 78.550
LEAN HOGS (October) 68.375 68.425 68.550 67.275 67.650 -0.725 67.650
FEEDER CATTLE (August) 149.450 150.200 150.700 144.625 144.875 -4.575 144.875
FEEDER CATTLE (September) 148.900 149.500 149.900 144.025 144.525 -4.375 144.525
FEEDER CATTLE (October) 147.200 147.550 147.950 142.450 142.975 -4.225 142.975
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Basis