Weather and planting concerns moved the market more than the WASDE this week – Agweek

There’s been nothing in the forecasts conducive to planting, Martinson said.

Also helping wheat this week was the first crop progress rating, which showed winter wheat with its lowest initial rating in 26 years and the lowest ever for hard red winter wheat.

The drought still is having an impact on the cattle herd, as cows, along with animals that would have been potential replacement heifers and bulls, are going to slaughter or being fed, Martinson said.

He and Rook said the tightest supplies in the hog market usually come in the summer, so it’s likely that production numbers will be further trimmed.

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