Another Strong Quarter for Agricultural Demands
Agricultural demand has remained strong through the first half of 2014. Crop and livestock prices have provided good returns because of strong demand. As we move into the summer season, live cattle prices have moved into the $140–$150 range. Feeder cattle prices have topped $200 per hundredweight; and lean hogs have approached nearly $130 per hundredweight. Also, corn and soybean prices offered crop producers positive profit margins during the planting season.