BOABC anticipates a shrinking demand for corn from the livestock and feed industry in July for the following reasons:

First, after concentrated hog slaughter in April ~ June, the proportion of big hogs is estimated to drop 10% in July.

Second, egg production generates losses, forcing egg farms to cut layer inventory to avoid losses.

Third, broiler price has dropped below the break-even line because of market surplus, likely to lead to a reduction of broiler inventory in July.

List

News Briefs 1

Falling Corn Consumption in Livestock Industry Expected 2

Wheat Procurement Roundup 2

Analysis of Wheat Auctions 4

Paddy Auction Deals & Price Increased in June 6

Weather & Crop Conditions 7

Crop Conditions 8

Weather Forecast (July 4, 2008?July 10, 2008) 11

Price Trends 11