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 (May) 3.6200 3.6000 3.6125 3.5550 3.5800 -0.0400 3.5800
CORN (July) 3.6925 3.6775 3.6900 3.6350 3.6650 -0.0275 3.6650
CORN (September) 3.7625 3.7500 3.7650 3.7100 3.7425 -0.0200 3.7425
CORN (December) 3.8675 3.8525 3.8700 3.8175 3.8500 -0.0175 3.8500
CORN (March) 3.9650 3.9500 3.9650 3.9150 3.9475 -0.0175 3.9475
CORN (May) 4.0300 4.0125 4.0250 3.9800 4.0100 -0.0200 4.0100
SOYBEANS (May) 9.4575 9.4500 9.4700 9.4150 9.4525 -0.0050 9.4525
SOYBEANS (July) 9.5725 9.5650 9.5850 9.5250 9.5625 -0.0100 9.5625
SOYBEANS (August) 9.5925 9.5875 9.6075 9.5450 9.5825 -0.0100 9.5825
SOYBEANS (September) 9.5575 9.5550 9.5675 9.5075 9.5475 -0.0100 9.5475
SOYBEANS (November) 9.5450 9.5425 9.5500 9.4950 9.5325 -0.0125 9.5325
SOYBEANS (January) 9.6150 9.6100 9.6175 9.5675 9.6025 -0.0125 9.6025
SOYBEAN MEAL (May) 310.5 310.0 312.4 309.3 311.7 1.2 311.7
SOYBEAN MEAL (July) 314.8 314.0 316.7 313.5 315.8 1.0 315.8
SOYBEAN MEAL (August) 315.8 315.5 317.7 314.6 317.0 1.2 317.0
SOYBEAN MEAL (September) 316.0 315.6 318.1 314.8 317.3 1.3 317.3
SOYBEAN MEAL (October) 314.8 314.1 316.6 313.5 316.1 1.3 316.1
SOYBEAN MEAL (December) 315.5 315.0 317.7 313.9 317.0 1.5 317.0
LIVE CATTLE (April) 135.600 136.500 138.900 136.275 138.000 2.400 138.000
LIVE CATTLE (June) 121.525 122.425 124.225 120.575 124.025 2.500 124.025
LIVE CATTLE (August) 117.775 118.475 120.175 116.500 120.050 2.275 120.050
LEAN HOGS (May) 66.900 66.700 67.250 66.600 66.975 0.075 66.975
LEAN HOGS (June) 72.825 73.225 74.225 72.825 74.000 1.175 74.000
LEAN HOGS (July) 74.025 74.300 75.350 74.000 75.225 1.200 75.225
FEEDER CATTLE (May) 146.575 147.250 149.850 144.400 149.550 2.975 149.550
FEEDER CATTLE (August) 150.350 151.025 155.100 148.350 154.700 4.350 154.700
FEEDER CATTLE (September) 150.775 151.175 154.925 148.525 154.650 3.875 154.650
DTN Click here for info on Exchange delays.

Basis