Commentary
- Hogs Falling Back Lower on Tuesday
- Lean hog futures are falling at Tuesday’s midday, with contracts down 90 cents to $2.45. The USDA national average base hog negotiated price from the USDA was reported at $90.29, up $2.62 from the day prior. The CME Lean Hog Index was down 27 cents from the previous day at...
- Cotton Weaker at Midday
- Cotton futures are down 40 to 58 points at the midday part of the Tuesday session. Crude oil futures are back down $0.72/barrel, with the US dollar index down $0.095 so far on the day. The Monday online auction from The Seam showed 1,950 bales sold at an average price...
- Cattle in the Red at Midday
- Live cattle futures are trading with 25 to 65 cent losses across the front months on Tuesday. Cash trade was strong last week, settling in across the country at $203 in the South, with Northern action at $205-206. Feeder cattle futures are down 12 to 52 cents in the front...
- Wheat Mixed at Midday
- The wheat market is back to mixed trade on Tuesday. Chicago SRW futures are down 2 to 3 cents. Kansas City HRW contracts are up 3 cents in the nearbys. MPLS spring wheat is trading with fractional to 2 cent gains. CME is planning to launch their spring wheat futures...
- Corn Heading Lower on Tuesday
- The corn market is leaking lower at Tuesday’s midday, with nearbys down 2 to 3 cents at midday. New crop December is trading with ¾ cent losses so far. The new crop soy/corn ratio is at 2.24, still leaning towards corn. We will get the March Planting Intention report at...
- Soybeans Slipping Lower at Midday
- Soybeans are down 2 to 3 cents so far at Tuesday’s midday, as the market is in the middle of a tug-o-war between the products. CmdtyView’s national front month Cash Bean price is down 2 1/4 cents at $9.51. Soymeal futures are adding the pressure as we trade through the...
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