The Crowley Report 11/24/14

The Crowley Report 11/24/14 Beans and meal closed with gains to end the week. It was an emotionally charged session on Friday with China’s surprise cut in interest rates rallying beans early, while the announcement from the EPA mid-morning that they were delaying a decision on the 2014 renewable fuel mandate to next year rolled the market over and saw it falling into the red. Beans and meal ultimately closed near the session highs. For the week Jan 15 beans were up 16 1/2 cents, with Dec 14 meal down $1.50 and Dec 14 oil up 49 points. Chinese demand for beans has eased from its torrid pace, but they still booked 2 cargoes for Dec from the gulf. Basis was up 5 cents on Friday [more]

Breed Profile - Swedish Red Cattle

Breed Profile - Swedish Red CattleBreed Profile - Swedish Red Cattle The Swedish Red is considered the Crown Jewel of the red breeds. They are a robust and healthy breed known for excellent fertility. They are also the only cow breed that can compete with Holsteins when it comes to production, and are considered the best breed in the world regarding calving ease. The Swedish red is only a medium-sized cow (approximately 140 cm tall and 550 kg), but it is not to be underestimated! In fact, the breed is so hearty that it has been cross-bred with Holsteins to improve fertility and udder health. Because this breed has substantially lower cell counts compared to Holsteins, they have a very low incidence of mastitis. They are also known [more]

The Crowley Report 11/17/14

The Crowley Report 11/17/14Beans fell back below the 100 day moving average and closed with a 19 cent loss for the week. Meal paced the way lower as cancellations were shown in the weekly sales report. There was additional talk that two cargoes to the EU were switched to Brazil. Earlier this week I confirmed four cargoes of Argentine meal headed to Wilmington. But meal basis remained steady with Des Moines +35, Kansas City +25, Mankato + 20, Decatur +75 and Claypool up 8 dollars to +53. A short term supply disruption in the soymeal market has provided a relief rally since early October, but the longer term bearish outlook for US and world soy markets remains in place. The debate nearby is [more]

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