Hogs Pull Back on Tuesday
Lean hog futures slipped lower on Tuesday with some outside equity pressure, as contracts were down 15 cents to $1. USDA’s daily direct hog report showed the negotiated hog price at $109.24, up $3.12 from the day prior. The CME Lean Hog Index was up 89 cents on June 13,...
Corn Closes Mixed, as New Crop Pushes Higher
Corn futures posted gains to 3 to 4 cents in most nearby contracts on Tuesday, with July falling back 3 ¼ cents. The front month CmdtyView national average Cash Corn price was down 3 1/4 cents at $4.08 1/4. Rains are scattered over much of the Corn Belt for the...
Soybeans Extend Higher on Tuesday
The soybean market closed out the Tuesday session with contracts 4 to 8 cents higher. The cmdtyView Cash Bean price was up 4 ½ cents to $10.25. Soymeal futures were up $1.40 to $3.20/ton. Soy Oil saw a slight pullback, with losses of 9 to 32 points in the nearbys....
Cattle Falls Lower on Tuesday
Live cattle futures were down $3.77 to $4.90 on Tuesday in broad risk off trade. Cash trade has yet to get kicked off this week. Last week was reported at $235 in TX and $233-238 KS, with northern business at $380 dressed and $240-242 live trade in NE. Feeder cattle...
Cotton Weaker on Tuesday
Cotton prices were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up $3.70/barrel, as futures were adding risk premium back with President Trumps mulling US involvement in the Iran/Israel conflict. The US dollar index was back up $0.853 to $98.405. The weekly Crop Progress...
Wheat Rallies on Tuesday
The wheat market saw higher trade across all three markets to close out Tuesday. Chicago SRW futures were 12 to 14 cents higher on Tuesday. Kansas City HRW contracts posted 11 to 12 cent gains on the session. Minneapolis spring wheat futures were 8 to 9 cents in the green...
Hogs Slipping Back on Tuesday
Lean hog futures are trading with weakness on Tuesday, with contracts down a dime to 90 cents. USDA’s daily direct hog report showed no negotiated price reported on light volume, with the 5-day rolling average at $106.05 on Tuesday morning. The CME Lean Hog Index was up 89 cents on...
Cotton Weaker on Tuesday
Cotton prices are down 5 to 37 points across most contracts on Tuesday. Crude oil is back up $2.04/barrel, as futures are adding risk premium back I President Trumps is calling for an unconditional surrender. The US dollar index is back up $0.623 to $98.185. The weekly Crop Progress report...
Soybeans Pushing Higher at Midday
The soybean market is trading with 3 to 7 cent gains on the day. The cmdtyView Cash Bean price is up 3 cents to $10.23 1/4. Soymeal futures are up $1.70/ton. Soy Oil is trading with a slight 20 point pull back. Limits for the soybean complex will be expanded...
Corn Rallying in the New Crop Months
Corn futures are trading with contracts mixed, as nearby July is down 2 cents and other months up 4 to 6 cents. The front month CmdtyView national average Cash Corn price was down 2 cents at $4.09 1/4. Rains are scattered over much of the Corn Belt on for the...
Wheat Rallying as Harvest Crawls Along
The wheat market is trading with gains on Tuesday across all three markets. Chicago SRW futures are 13 to 14 cents higher across most front months. Kansas City HRW contracts are up 11 to 13 cents on the session. Minneapolis spring wheat futures are 6 to 7 cents in the...
Cattle Falling on Tuesday
Live cattle futures are falling $3 to $4.55 at Tuesday’s midday. Cash trade has yet to get kicked off this week. Last week was reported at $235 in TX and $233-238 KS, with northern business at $380 dressed and $240-242 live trade in NE. Feeder cattle futures are giving back...
Cattle Look to Tuesday Following Monday Bounce
Live cattle futures saw gains of $1.925 to $3.10 on Monday, taking back some of Friday’s weakness. Cash trade has yet to get kicked off this week. It was reported at $235 in TX and $233-238 KS last week, with northern trade at $380 dressed and $240-242 live trade in...
Cotton Slipping Back to Start Tuesday
Cotton price action is mostly lower on Tuesday morning, down 3 to 10 points. Futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back...
Hogs Shift Focus to Tuesday Following Monday Rally
Lean hog futures saw gains of $1.97 to $2.55 on Monday after gapping higher at the open. Preliminary open interest was up 8,109 contracts on Monday. USDA’s national average base hog negotiated price was reported at $106.12 on Monday afternoon, up $1.17 from the day prior. The CME Lean Hog...