Newswire
Commentary
- Hogs Rally Back on Friday
- Lean hog futures are fighting back on Friday with contracts up $1.15 to $1.40 as Dec rolls off the board today. The national average base hog negotiated price was reported at $78.36 on Friday morning, which was down 72 cents from the day prior. The CME Lean Hog Index was...
- Cotton Heading Lower into the Weekend
- Cotton futures are facing weakness on Friday, with midday losses of 80 to 81 points in the front months. The outside markets are mixed factors, with the US dollar index up slightly and crude oil shooting $1.19/barrel higher. Export Sales data took total cotton shipments to 2.293 million RB, down...
- Corn Heading Lower At Midday
- Corn futures are down 3 cents at midday, with Dec up ¼ ahead of expiration. There were another 107 deliveries issued against December corn futures overnight. The national average Cash Corn price from cmdtyView is down 3 cents at $4.12 3/4. Following the release of the weekly Export Sales report,...
- Wheat Falling Lower at Midday
- Wheat futures are falling off at midday across the three markets on Friday. Chicago SRW futures are 4 to 7 cents lower across the nearbys. KC HRW contracts are down 4 to 6 cents on the day. There were 14 deliveries issued against Dec KC wheat overnight, with 8 for...
- Live Cattle Higher, Feeders Head Lower
- Live cattle futures are holding higher with gains of 37 to 87 cents. Cash action has seen $191-192 trade in the South this week, with action up to $195-196 in the North. There were no deliveries issued against December live cattle again on Wednesday. Feeder cattle are posting losses of...
- Soybeans Falling Weaker on Friday, Despite Export Business
- Soybeans are ignoring the export business reported this morning, as contracts are down 9 to 10 cents at midday. CmdtyView’s national front month Cash Bean price is down 9 cents at $9.37 1/2. Soymeal futures are down $3.60/ton on the day. There were another 126 deliveries issued against December soybean...
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