Lean hogs posted Tuesday strength, as contracts were up 15 to 62 cents on the session. USDA’s National Average Base Hog negotiated price was up 84 cents in the Tuesday afternoon report at $93.25. The CME Lean Hog Index was back down 16 cents on May 3 at $90.80. USDA’s...
Wheat futures are faced some weakness on Tuesday after the last couple weeks of rallying. Chicago contracts were down a penny to 7 ½ cents, as Kansas City futures were down 1 ½ to 11 ¼ cents on the day. MPLS spring wheat was stead to 6 ¼ cents in...
Beans posted front month weakness, with losses of ½ to 2 ½ cents. New crop contracts were up 5 ¼ to 9 ¾ cents across most months.. Soymeal got some pull back with contracts out through Jan down 50 cents to $4.40. Deferred months were higher. Soy Oil saw gains...
Live cattle closed the Turnaround Tuesday session with most contracts 65 cents to $1.27 higher. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few trades in the North in a range of $186-188. Asks so far this...
Corn futures slipped back on Tuesday, with contracts down ¼ to 3 ½ cents in the nearbys. Other contracts were steady to a penny higher. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period of drier weather across much of...
The cotton market saw higher action on Tuesday, as they try to recover from the recent collapse in prices. Contracts closed with 30 to 49 point gains across most contracts, despite negative outside factors and faster than normal planting pace. The US dollar index was up 341 points, a negative...
Lean hogs are trading steady to 60 cents higher across most contracts on Tuesday’s midday. USDA’s National Average Base Hog negotiated price was up $1.77 from the Monday afternoon report at $94.18 on Tuesday morning. The CME Lean Hog Index was back down 16 cents on May 3 at $90.80....
Live cattle are up $1.15 to $1.80 across most contracts on Turnaround Tuesday. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few trades in the North in a range of $186-188. Feeders are rallying $1.30 to $2.50...
The cotton market is posting 81 to 108 point gains at midday. The US dollar index is up 196 points, a negative input, while crude oil is 25 cents higher. The US cotton crop was reported at 24% planted as of Sunday, a 9% advance over the last week. The...
Beans are showing weakness in the front months on Tuesday, with July down 3 ¾, as new crop contracts are up 6 to 8 cents. Soymeal is pulling back on Turnaround Tuesday, with contracts down $2 to $3/ton. Soy Oil is looking higher for the second day in a row,...
Wheat futures are pulling back on Tuesday after the last couple weeks of rallying, as winter wheat conditions were shown to improve slightly. Chicago contracts are down 5 to 7 cents at midday. Kansas City futures are down 8 to 15 cents on the day. MPLS spring wheat is 7...
Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period of drier weather across much of the US beyond Wednesday through early next week....
Lean hogs settled the Monday session with contracts steady to 77 cents lower. USDA’s National Average Base Hog negotiated price was up $3.03 in the Monday afternoon report at $92.41. The CME Lean Hog Index was up another 4 cents on May 2 at $90.96. USDA’s National Pork Carcass Cutout...
The cotton market is posting 48 to 60 point gains following the overnight trade. Cotton resumed its slide on Monday, as contracts were down 22 to 100 points at the close. The US dollar index was up 42 points, a negative input, while crude oil was 57 cents higher. The...
Futures are heading lower in early Tuesday morning trade, fading Monday’s gains. The bulls were charging to rally all three exchanges on Monday. Chicago contracts ended the day with gains of as little of 10 ¼ cents in the deferreds to 26 ¼ cents for the nearbys. Kansas City futures...