Supply and demand forecast difficult to predict this round

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Supply and demand forecast difficult to predict this round

USDA’s supply and demand report
Friday will have the first estimates for new marketing years for grains,
oilseeds, and livestock.

Outlook Chairman Seth Meyer says this year, it has been especially difficult to make the projections.

“We have the added issue of delayed planting almost across the board. We’ve got intense trade negotiations going on with the Chinese in town while we will be in lock up.”

Meyer says swings in
commodity markets are also a challenge as lean hog futures prices ranged nearly
seven dollars Tuesday.

Continue reading Supply and demand forecast difficult to predict this round at Brownfield Ag News.

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