U.S. Crops Expected to Escape Freeze Damage!

Author: Kristy

JANUARY 7, 2014

Winter Feeding
The extreme cold across the central U.S. is “overall pretty bullish” for cattle futures as animals gain less weight and consumer demand climbs, Lane Broadbent, president of KIS Futures Inc. in Oklahoma City, said.


U.S. crops are escaping record-setting cold weather with little damage, while the arctic blast drove cattle prices to a record as animals struggle to gain weight.

The coldest spots in Florida citrus groves were near freezing, and oranges aren’t damaged unless temperatures are below 28 degrees Fahrenheit for a few hours, said Dale Mohler, a senior meteorologist at AccuWeather Inc. in State College, Pennsylvania. Snow cover helped insulate wheat plants, according to DTN/Progressive Farmer. Cattle extended a rally to a record for the seventh straight session.

The frigid weather strangled transportation routes around the country including interstate highways, airlines and rails. It also led to a surge in energy demand that pushed power in Texas to more than $5,000 a megawatt-hour for the first time and caused disruptions at oil refineries in Tennessee and Illinois. Orange-juice futures fell today after climbing 2.8 percent yesterday, the most since early November.


Posted in Uncategorized |

Comments are closed.

Mail Us Facebook Twitter RSS YouTube
See More

Video Feature

Hit Counter by