A grain consultant and a person from a division of agristats are the first two presenters
Farmers are holding onto and storing grain … this may be keeping markets a bit higher than they should be given supply
Current crop year has excellent yield and excellent quality with more protein content… this should allow for better conversion ratios in coming year.
Dairy farmers are breeding to beef bulls looking to send those calves to the beef market v. dairy heifer retention
Breeders remain relatively low but more pullets are going into big bird production due to demand for breast
meat. Industry is producing more pounds relative to breeders.
Seems next earnings will be good; also a take-out target!