By Michael Irgang, Global Risk Management Inc. Pork production is largely a function of live hog weights and the number of animals slaughtered in packing facilities. It is interesting to review how live hog weights actually translate to the amount of pork supplies actually produced for consumption. A live hog weighing 290 lbs. can be Continue Reading »
Is a 1980 Weather Pattern Good For U.S. Crops?
Global Risk Management, Inc. (June 23, 2016) With U.S. corn and soybean crops in the midst of the always volatile and unpredictable growing season, the only thing certain with this year’s crop at this point is uncertainty itself! Market participants anxiously await the latest and greatest weather model runs released by various meteorologists in what Continue Reading »
After a decade of rapid growth, corn use for ethanol is projected to decline
March 18, 2016 (USDA) – Ethanol production in the United States is based almost entirely on corn as a feedstock. Corn‑based ethanol production is projected to fall over the next 10 years. This reflects declining overall gasoline consumption in the United States (which is mostly a 10‑percent ethanol blend, E10), infrastructural and other constraints on growth Continue Reading »
