Please note that the following Dec.’10 industry shipments numbers were published this week:
Dec. 10 Dec. ’09 % Change
Domestic 40.6mm 33.9mm +19.8
Export 120.3mm 113.6mm + 5.9
Total 160.9mm 147.5mm + 9.2
Based on December shipments, all market indicators point towards a strengthening market. Most processors believe the crop will end up being between 1.5 – 1.55 billion pounds vs. the 1.65 billion forecast. Crop year to date receipts are 1.42 billion pounds.