CALENDAR



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

Sorghum Success

sorghum clinic 04252016Farmers met with sorghum experts from Texas to learn more about how to be successful with sorghum in the mid-Atlantic region.  They also got a chance to read about the 3 different sorghum seed types that MBgrain is now offering farmers at a discounted price.  Seed is being purchased for farmers today for planting this upcoming season.  Please call your grain originator or dial Robbie Montgomery at 910-260-1633 to get more information.  You can read more about the seed profiles by click on the seed variety link:
Smithfield Golden     Smithfield Late

 

You can also find the sorghum best practices (planting/maintaining/harvesting) suited for our area by clicking here.

Chart of the Week

Futures
Contract Previous Open High Low Last Change Close
CORN (December) 3.4650 3.4900 3.4950 3.4650 3.4650 0.0000
CORN (March) 3.5350 3.5400 3.5725 3.5325 3.5375 0.0025
CORN (May) 3.6025 3.6100 3.6400 3.6000 3.6075 0.0050
CORN (July) 3.6775 3.6825 3.7100 3.6725 3.6800 0.0025
CORN (September) 3.7500 3.7500 3.7800 3.7475 3.7475 -0.0025
CORN (December) 3.8325 3.8300 3.8625 3.8275 3.8350 0.0025
SOYBEANS (January) 10.2700 10.2600 10.3875 10.2150 10.2600 -0.0100
SOYBEANS (March) 10.3775 10.3700 10.4950 10.3200 10.3700 -0.0075
SOYBEANS (May) 10.4525 10.4475 10.5725 10.3975 10.4500 -0.0025
SOYBEANS (July) 10.5050 10.5000 10.6250 10.4500 10.5075 0.0025
SOYBEANS (August) 10.4775 10.4625 10.5800 10.4625 10.4625 -0.0150
SOYBEANS (September) 10.2875 10.2650 10.4000 10.2650 10.2825 -0.0050
SOYBEAN MEAL (December) 312.4 312.5 319.0 311.0 319.0 6.6
SOYBEAN MEAL (January) 313.7 313.4 320.6 312.0 314.7 1.0
SOYBEAN MEAL (March) 317.8 317.4 324.5 316.0 318.3 0.5
SOYBEAN MEAL (May) 320.2 319.7 326.8 318.3 320.8 0.6
SOYBEAN MEAL (July) 322.5 322.4 328.6 320.7 322.9 0.4
SOYBEAN MEAL (August) 321.0 320.7 326.7 320.7 324.8 3.8
LIVE CATTLE (December) 109.050 108.300 108.750 107.400 107.725 -1.325
LIVE CATTLE (February) 110.650 109.975 110.600 109.100 109.350 -1.300
LIVE CATTLE (April) 110.425 109.725 110.175 109.000 109.225 -1.200
LEAN HOGS (December) 55.675 56.650 57.100 56.125 56.275 0.600
LEAN HOGS (February) 60.825 61.125 61.275 59.750 60.125 -0.700
LEAN HOGS (April) 66.350 66.350 66.550 65.175 65.300 -1.050
FEEDER CATTLE (January) 126.600 125.825 126.175 124.875 125.275 -1.325
FEEDER CATTLE (March) 123.150 122.600 122.625 121.425 121.825 -1.325
FEEDER CATTLE (April) 122.725 121.725 122.150 121.050 121.425 -1.300
DTN Click here for info on Exchange delays.

Basis