Tuesday, July 29, 2014 4:46PM CDT
A labor dispute in Washington State has led to the shutdown of a grain terminal because the company can no longer get state or federal grain inspectors to cross a picket line without law-enforcement escorts. More than 20 ag groups have written USDA Secretary Tom Vilsack expressing concerns about the precedent being set over the disruption of inspection and weighing services.
Tuesday, July 29, 2014 3:12PM CDT
Mark Fincham's family has been farming near Pratt, in south-central Kansas, for almost 130 years. As part of his effort to help the business last at least another century in ever-more regulated times, he hired a firm that conducts annual inspections to assess the farm's safety, security and environmental sustainability.
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.
Look for the lean hog pit to slump further on the opening, pressured by negative fundamentals and further long liquidation. Live and feeder cattle futures should open moderately higher thanks to residual buying interest and recent cash premiums.