date:Nov 02, 2012
the easy feed is being cleaned up now but some countries will ultimately have to turn to imports of feed -- and wheat, he says. I think soybeans will be under heavy pressure, too, if South America can't demonstrate early on -- and that isn't too far away -- that they are on track for a huge harvest.
Ultimately, factoring in cuts in the livestock herd, the trim in demand adds up to essentially half of what it needs to be to match up with projected supplies, Good says. In the end, that means the