Lean hog futures posted mixed action on Friday, with contracts down 27 cents to up 40 cents. June was down $1.77 this week. USDA’s national average base hog negotiated price was reported at $94.47 on Friday afternoon, up $0.45. The CME Lean Hog Index was back down 9 cents on...
Soybean bulls were gaining ground ahead of the weekend meeting with the US and China, as contracts were up 5 to 8 cents. July slipped back 6 ¼ cents on the week, with November unchanged. The cmdtyView Cash Bean price was up 6 3/4 cents to $10.00 1/4. Soymeal futures...
The wheat market failed to join in on the corn and bean strength on Friday, with contracts falling lower. Chicago SRW futures posted Friday losses of 7 to 8 cents on the day, as July was down 21 ¼ cents this week. Kansas City HRW futures faced weakness, with contracts...
Live cattle futures closed with mixed action as nearby June was held up by the stronger cash action, up 42 cents, with other contracts down 40 to 55 cents. June was up $3.57 on the week. Cash trade settled in this week $218-220 in the South, with northern action at...
Cotton futures slipped back on Friday, with contracts down 8 to 15 points at the close, as July was down 180 points this week. Crude oil prices were back up $1.14/barrel. The US dollar index was down $0.235 to $100.255. CFTC data showed specs cutting another 5,182 contracts from their...
The wheat market is trading with losses at Friday’s midday. Chicago SRW futures are trading with 5 to 6 cent losses in the front months on Friday. Kansas City HRW futures are facing midday weakness, with to 5 cent losses at midday. Minneapolis spring wheat futures are trading with contracts...
The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...
Corn futures are posting a round of strength ahead of the weekend, with contract up 1 to 4 cents at midday. There were another 17 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.20 1/2. USDA reported a...
Lean hog futures are trading with contracts 50 to 60 cent gains in the front months so far on Friday, with thinly trade May down a dime. USDA’s national average base hog negotiated price was reported at $9478 on Friday morning, up $0.14. The CME Lean Hog Index was back...
Live cattle futures are slipping back by a nickel to $1 so far at Friday’s midday. Cash trade this week has come in at the $218-220 range in the South, with northern action at $225-228. Feeder cattle futures are fading back below the $300 level in some contracts, with midday...
Cotton futures are holding near unchanged so far on Friday, with contracts anywhere from up 6 points to 2 points lower in the nearbys. Crude oil prices are back 93 cents/barrel. The US dollar index is down $0.315 to $100.175. USDA’s Export Sales report showed current cotton commitments for export...
Cotton prices are up 22 to 32 points early on Friday morning. Futures closed Thursday with 49 to 69 point losses. Crude oil prices were back up $2.33/barrel. The US dollar index was up $1.05 to $100.485. USDA’s Export Sales report showed a total of 65,764 RB of 2024/25 cotton...
Live cattle futures were up $1.30 to $1.75 on Thursday. Preliminary open interest was down 2,058 contracts on Thursday, with 11,270 coming out of June. Cash action started off with sales of $218-220 in the South, with northern action at $225-228 kicking up on Thursday. Feeder cattle futures led the...
Lean hog futures closed with contracts down 15 to 50 cents in the nearbys and July up 75 points. USDA’s national average base hog negotiated price was reported at $94.02 on Thursday afternoon, up $1. The CME Lean Hog Index was another 3 cents higher on May 6, at $90.16....