Red meat and poultry production forecast lowered, solid ratings for rice crop and soybean futures trend higher.
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USDA released their acreage report last week. Overall in Arkansas, there was an acreage shift out of high-input crops like rice and cotton and into corn and soybeans as the price ratios have made those crops more attractive to farmers.
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Cattle futures recover, hog futures fall and Arkansas rice and soybean crops hit by flood damage.
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A higher forecast beef, broiler, and turkey production, milk production forecast raised, selling pressures for rice and more.
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