Author: Jack Finfer

Quarterly Hogs and Pigs USDA Quarterly Hogs & Pigs 🐖 June 1 InventoryAll Hogs & Pigs: 73.664M (100.0% of LY)Breeding: 5.880M (98.8%)Market: 67.784M (100.1%) By WeightUnder 50 lbs: 21.106M50 to 119 lbs: 19.071M (99.5%)120 to 179 lbs: 14.897M180+ lbs: 12.710M Pig Crop Mar to May: 33.521M (100.0%)Pigs/Litter: 11.87 🔴 RECORD…

EIA Natural Gas Storage EIA Natural Gas Storage 2,835 Bcf↑ +76 Bcf on the week↓ −49 vs last year (−1.7%)↑ +152 vs 5yr average (+5.7%) Analysis The EIA reported a +76 Bcf injection for the week ending June 19, bringing total working gas to 2,835 Bcf. Storage now sits 49…

Grain Export Sales Grain Export Sales 🌽 Corn: 743,097 MT100.2% of USDA Est | Inside est range 🌱 Soybeans: 455,405 MT99.9% of USDA Est | Inside est range 🌾 Wheat: 504,489 MT26.1% of USDA Est | Inside est range Analysis 🌽 CornThe corn export program has crossed the finish line.…

Dairy Product Sales Dairy Product Sales 🧈 Butter: $1.64/lb (↓2.5¢) 🧀 Cheddar: $1.54/lb (↓4.2¢) 🥛 NDM: $1.92/lb (↓4.8¢) 💧 Dry Whey: 64.8¢/lb (↑0.4¢) Analysis Cheddar was the weakest product again this week, dropping 4.2¢ to $1.5381/lb and extending what is now a 13¢ slide over five weeks. Cash blocks are…

Ethanol Production Ethanol Production Production: 1.090 mb/dayWeekly Total: 7.630 mil bblStocks: 24.585 mil bblCorn Used: 108.56 vs 99.95 needed Analysis Production slipped to 1.090 mb/day but still posted a new seasonal high for this week of the year. Stocks built slightly to 24.585M barrels, also a new weekly record. Corn…

EIA Energy Stocks EIA Energy Stocks Refinery Rate: 96.1%  🛢 Crude Oil: 412.1M ▼ 6.1M wk | -3.0M yr ⛽ Gasoline: 216.3M ▲ 2.1M wk | -11.6M yr 🔥 Distillate: 106.1M ▲ 3.1M wk | +0.8M yr 🏭 ULSD: 95.7M ▲ 2.2M wk | -0.8M yr Analysis Sixth straight crude…

Crop Progress Crop Progress 🌽 Corn 68% rated G/E, holding steady but 2 points below last year. Iowa 77%, Wisconsin 81%, Minnesota 79%. 🌱 Soybeans 66% rated G/E, matching last year. Iowa 74%, Minnesota 76%, Kentucky 73%. 🌾 Winter Wheat Only 26% rated G/E vs 49% last year. Nebraska at…

USDA Export Inspections Export Inspections Soybeans🫘: 8.856 mbu Corn🌽: 57.251 mbu Wheat🌾: 14.446 mbu Analysis Total inspections dropped 25.5% WoW to 2.128M MT, the lightest week in the current stretch.  Corn fell 11.9% to 1.454M MT but the marketing year pace remains ahead of USDA’s 3.3B bushel target at 80.0%…

Dairy Product Sales Report Briefing USDA Dairy Product Sales 🧈 Butter: $1.60/lb (▲1.5¢)  🧀 Cheddar: $1.65/lb (▼2.0¢)  🥛 NDM: $2.12/lb (▼0.8¢)  💧 Dry Whey: 64.2¢/lb (▲0.5¢) Butter bounced 1.5¢ to $1.60/lb, snapping a multi week slide, though the prior week was also revised sharply lower to $1.5845 from $1.62 originally…

Ethanol Production Report Briefing Ethanol Production Avg Daily Production 🛢️: 1.089 mb/day ▼2.0% WoW ▲3.1% YoY Weekly Production: 7.623 mil bbl Ethanol Stocks: 24.968 mil bbl ▲0.4% WoW ▲2.8% YoY Corn Used: 108.46 MMBu vs 104.40 needed Cumulative: 4.094B bu Production eased slightly to 1.089 mb/day, still a new high…