Monday, April 21, 2008

Quick Overview

  • The USDA said: 4% of the corn crop was planted, down from a five-year average of 17%.

  • The USDA said there were 657 million pounds of frozen pork in storage on March 31st, up 33% YoY

  • The USDA said that frozen bellies totaled 99 million pounds, up 79% YoY.

  • The USDA said, as of March 31st, there were 1.05 billion pounds of frozen orange juice in storage, up 28% YoY.

  • Canada's farmers intend to plant 25.109 million acres of wheat, up 16% YoY. YoY corn planting intentions are down 13%. Soybean acres are expected up 2% YoY.

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