The wheat futures complex is mixed this morning, with KC leading higher, CBT heading lower, and MPLS unch. They continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the...
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action has been negligible thus far. Last week’s trade was $183-184 live and...
Corn is trading ½ cent to a penny higher early on Wednesday. The Tuesday action in the corn market saw futures close mixed with 2023 and 2024 crop up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday...
Soybeans are up 1 ½ to 3 cents after a round of overnight back and forth trade. Futures posted gains of as little as a fraction to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton,...
Overnight action in the cotton market has futures mixed again with front months up 8 to 18 points and other contracts down 2 to 35 points. They reversed some of Tuesday’s early intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was...
Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents higher across most contracts. NASS reported condition...
Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying 15 to 24 points. Soybean planting is off to a decent start, with...
Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was...
The Tuesday action in the corn market saw futures close mixed with 24/25 strength, up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday afternoon’s Crop Progress report showed many of the notable states were above normal planting...
The cotton market reversed some of Tuesday’s intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was up 18 points ahead of first notice day on Wednesday. They shrugged off outside market strength, with crude oil up $1.54 and the US dollar...
Lean hogs are posting $1.25 to $2.15 gains on Tuesday. USDA’s National Average Base Hog negotiated price was up 70 cents from the Monday afternoon print, at $91.01 on Tuesday morning. The CME Lean Hog Index was down 4 cents at $91.31 on April 19. USDA’s National Pork Carcass Cutout...
Live cattle are back down $1 to $1.32 on Tuesday’s midday. Cash action was negligible on Monday, with showlists being compiled. Last week’s trade was $183-184 live and $292 dressed in the North, steady to down $1 from the previous week. Southern trade was steady, at $182. Feeders are showing...
The wheat market is continuing the push higher at midday. Chicago contracts are 7 to 10 cents higher so far. Kansas City is trading 8 to 9 ½ cents in the green. MPLS is bringing up the rear, but still with 5 to 7 ¼ cent gains. After the close,...