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 (March) 3.6400 3.6425 3.6550 3.5950 3.6025 -0.0375 3.6025
CORN (May) 3.7075 3.7100 3.7250 3.6725 3.6825 -0.0250 3.6825
CORN (July) 3.7825 3.7850 3.8000 3.7475 3.7575 -0.0250 3.7575
CORN (September) 3.8450 3.8475 3.8600 3.8125 3.8200 -0.0250 3.8200
CORN (December) 3.9100 3.9150 3.9275 3.8800 3.8875 -0.0225 3.8875
CORN (March) 3.9950 3.9925 4.0100 3.9675 3.9725 -0.0225 3.9725
SOYBEANS (March) 10.1350 10.1550 10.1850 10.0600 10.1100 -0.0250 10.1100
SOYBEANS (May) 10.2425 10.2625 10.2925 10.1700 10.2200 -0.0225 10.2200
SOYBEANS (July) 10.3325 10.3550 10.3800 10.2550 10.3100 -0.0225 10.3100
SOYBEANS (August) 10.3300 10.3450 10.3725 10.2550 10.3050 -0.0250 10.3050
SOYBEANS (September) 10.1900 10.2250 10.2250 10.1450 10.1700 -0.0200 10.1700
SOYBEANS (November) 10.0700 10.0800 10.1150 10.0125 10.0625 -0.0075 10.0625
SOYBEAN MEAL (March) 331.3 332.0 334.0 330.0 331.1 -0.2 331.1
SOYBEAN MEAL (May) 335.7 336.3 338.4 334.4 335.6 -0.1 335.6
SOYBEAN MEAL (July) 338.8 339.5 341.4 337.5 338.8 0.0 338.8
SOYBEAN MEAL (August) 338.1 338.5 340.5 336.8 338.0 -0.1 338.0
SOYBEAN MEAL (September) 335.9 336.7 338.3 335.0 335.9 0.0 335.9
SOYBEAN MEAL (October) 331.4 332.5 333.3 330.8 331.3 -0.1 331.3
LIVE CATTLE (February) 123.750 124.000 125.450 124.000 125.375 1.625 125.375
LIVE CATTLE (April) 114.950 115.625 116.050 115.350 115.500 0.550 115.500
LIVE CATTLE (June) 104.850 105.500 106.200 105.300 105.625 0.775 105.625
LEAN HOGS (April) 68.025 68.250 69.000 67.875 68.125 0.100 68.125
LEAN HOGS (May) 73.975 74.200 74.275 73.675 74.025 0.050 74.025
LEAN HOGS (June) 77.825 77.825 78.200 77.350 77.650 -0.175 77.650
FEEDER CATTLE (March) 121.700 122.675 124.275 122.250 123.850 2.150 123.850
FEEDER CATTLE (April) 121.550 122.500 123.825 121.975 123.550 2.000 123.550
FEEDER CATTLE (May) 121.075 121.900 123.475 121.525 123.100 2.025 123.100
DTN Click here for info on Exchange delays.

Basis