Pro Farmer's Daily Advice Monitor
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- April 24: Extend feed coverage. Details below.
- April 23: No changes.
- April 22: Increase old-crop wheat sales. Details below.
- April 19: No changes.
- April 18: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn |
|
|---|---|
| Cash-only marketers | 2023 crop: 35% sold |
| Hedgers — cash sales | 2023 crop: 50% sold |
| Hedgers — futures/options | No position. |
| Wait on an extended rally to get current or advance 2023-crop sales. | |
Soybeans |
|
| Cash-only marketers |
2023 crop: 60% sold 2024 crop: 10% sold |
| Hedgers — cash sales |
2023 crop: 65% sold 2024 crop: 10% sold |
| Hedgers — futures/options | No position. |
| Be prepared to increase old-crop sales and advance new-crop sales on additional corrective price gains. | |
Wheat |
|
| Cash-only marketers |
2023-crop: 90% sold. 2024-crop: 20% forward sold. |
| Hedgers — cash sales |
2023-crop: 90% sold. 2024-crop: 20% forward sold. |
| Hedgers — futures/options | No position |
| Get current with advised sales. | |
Cotton |
|
| Cash-only marketers |
2023 crop: 90% sold 2024 crop: 25% forward sold for harvest delivery |
| Hedgers — cash sales |
2023 crop: 90% sold 2024 crop: 25% forward sold for harvest delivery |
| Hedgers — futures/options | No position |
| Get current with advised sales. | |
| Livestock | |
Cattle |
|
| 2nd qtr. 2024 | 0% |
| 3rd qtr. 2024 | 0% |
| 4th qtr. 2024 | 0% |
| 1st qtr. 2025 | 0% |
| Fed cattle producers should continue to carry risk in the cash market. | |
Hogs |
|
| 2nd qtr. 2024 | 0% |
| 3rd qtr. 2024 | 0% |
| 4th qtr. 2024 | 0% |
| 1st qtr. 2025 | 0% |
| Carry all risk in the cash market but be prepared to add spring hedges. | |
Feed |
|
| Corn | |
| 2nd qtr. 2024 | 66% |
| 3rd qtr. 2024 | 0% |
| 4th qtr. 2024 | 0% |
| 1st qtr. 2025 | 0% |
| On April 24, we extended corn-for-feed coverage another four weeks in the cash market through May. | |
| Meal | |
| 2nd qtr. 2024 | 66% |
| 3rd qtr. 2024 | 0% |
| 4th qtr. 2024 | 0% |
| 1st qtr. 2025 | 0% |
| On April 24, we extended soybean meal coverage another four weeks in the cash market through May. |
