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Commentary
- Hogs Slip Lower on Tuesday
- Lean hog futures were mostly 67 cents to $1.72 lower on Tuesday, with February held up 7 cents and a few deferred fall contracts 45 to 70 cents higher. The national average base hog negotiated price was reported at $77.75 on Tuesday afternoon, up 58 cents from the day prior....
- Corn Backing Off to Start Wednesday Trade
- The corn market is showing a slight pull back to start Wednesday, with contracts fractionally to 1 ¼ cents lower. Corn futures posted 3 to 7 cent gains on Tuesday, as nearby March closed a dime off $5 and other nearbys close near that mark. The national average Cash Corn...
- Cattle Mixed on Tuesday
- Live cattle futures posted mixed trade on Tuesday, with contracts anywhere from 17 cents lower to 52 cents higher. Cash trade last week came in at $200-201 in the South, with sales reported of $202-205 in NE. Feeder cattle futures are up 90 cents in the nearby January contracts and...
- Cotton Fading Back Lower on Wednesday Morning
- Cotton prices are trading with losses of 40 to 50 points so far on early Wednesday trade. Futures closed out the Tuesday session with contracts up 7 to 55 points across the board. The outside markets were mixed factors, as the US dollar index was down 1.443, with crude oil...
- Wheat Extending Gains into Wednesday Morning
- The wheat complex is trading with gains across the three exchanges to start Wednesday. Wheat rallied across the three markets on Tuesday, as the US dollar index fell 1.443 on the day to provide some support. The Chicago SRW market was 19 to 21 cents higher on the day. KC...
- Soybeans Steady to Start Wednesday
- Soybeans are holding near unchanged so far on Wednesday morning, with contracts fractionally higher. The soybean market posted 20 to 34 cent gains on Tuesday, as South American weather and easing trade talk provided support. CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal...
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