Headlines
Commentary
- Hogs Face Pressure on Wednesday
- Lean hog futures settled the Wednesday session with contracts 50 cents to $1.02 lower. USDA’s national average base hog negotiated price was reported at $95.30 on Wednesday afternoon, up $1.90 from the day prior. The CME Lean Hog Index was up another 39 cents on May 19, at $91.85. USDA’s...
- Cattle Close Mixed, with Fats Higher on Cash Strength
- Live cattle futures were higher at the Wednesday close, with contracts up 70 cents to $1. Cash trade started on Wednesday, with sales of $229-230 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-227. The Wednesday morning Fed Cattle Exchange online...
- Wheat Pulls Back from Highs, Still Posts Gains
- The wheat complex closed out the Wednesday session with gains across the three exchanges, fading from off the midday highs. Chicago SRW futures were 3 to 4 cents in the green. The Kansas City HRW market posted 4 to 5 cent gains. Minneapolis spring wheat futures were up 6 to...
- Corn Rallies into Wednesday’s Close
- Corn futures posted gains of 6 to 7 ½ cents across most contracts on Wednesday, helped by a weaker US dollar index and a rebound in ethanol production. The front month CmdtyView national average Cash Corn price was up 6 3/4 cents at $4.34 3/4. EIA’s weekly update showed a...
- Cotton Sticks Close to Steady on Wednesday
- Cotton futures posted slightly lower trade on Wednesday, with contracts down 3 to 5 points and thin October up 3 points. Crude oil prices were down 70 cents on an inventory build despite a stronger start overnight. The US dollar index was down another $0.502 to $99.475. The Seam reported...
- Soybeans Rally Higher on Wednesday
- Soybeans posted gains of 8 to 12 cents across most contracts on Wednesday. The cmdtyView Cash Bean price was up 10 cents to $10.13 1/2. Soymeal futures were $1.50 to $3/ton higher on the day, with Soy Oil futures up 27 to 36 points. Rain is expected across much of...