Sample Issue Index
COMMODITY INSIGHT
GENERAL COMMENTS
Prepared by Commodity Insight
The disaster that befell the Taiwanese pork industry this week is bullish for U.S. grain and livestock prices. Not necessarily over the short term, but most definitely over the long term.
American pork producers will soon embark on an aggressive expansion schedule to meet this new-found demand from Japan. And though total U.S. hog numbers will rise in the months to come, prices for those hogs more than likely will rise along with production.
What all this means is that the demand base for U.S. corn and soybean
meal will recover much more quickly than anyone thought possible even a
few days ago. And once the demand base for corn rises to where it was a
year or so ago, the stage will be set for another bull move in the grain
complex.
A key ingredient to bring forth rising grain prices is large hog numbers.
Much larger hog numbers are now in our future. And so are soaring commodity
prices.
March 23, 1997
Jerry F. Welch
Commodity Insight
152 Ennis Lake Road, Ennis, Montanabreak,
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