Cattle Rally into Thursday’s Close
Live cattle futures posted gains of $1.45 to $2.15 across the front months on Thursday. Cash trade started was reported at $230-231 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-229. Feeder cattle futures closed the Thursday session with contracts up...
Soybeans Close Higher on Thursday, Assisted by Meal Stregnth
Soybean futures saw stronger action into the Thursday close despite a weaker start overnight. Contracts closed with 3 to 5 cent gains as meal gains were supportive. The cmdtyView Cash Bean price was up 5 cents to $10.18 1/5. Soymeal futures were $3.10 to 4.60/ton higher on the day, with...
Hogs Slip Lower on Thursday
Lean hog futures saw losses of 35 to 90 cents across most contracts on Thursday. USDA’s national average base hog negotiated price was reported at $95.29 on Thursday afternoon, down a penny from the day prior. The CME Lean Hog Index was up another 49 cents on May 20, at...
Corn Post Mixed Thursday Close
Corn futures posted mixed action on Thursday, with nearby July up 2 cents and other contracts 1 to 3 cents lower. The front month CmdtyView national average Cash Corn price was up 2 1/2 cents at $4.36 1/4. This morning’s Export Sales report showed 1.19 MMT in corn sales during...
Wheat Closes Mostly Lower on Thursday
The wheat complex trading posted losses across most contracts on Thursday, with some in the KC market holding higher. Chicago SRW futures were 3 to 5 cents lower on the day. The Kansas City HRW contracts were fractionally mixed on the session. Minneapolis spring wheat futures were down 3 to...
Cotton Falls Back on Thursday
Thursday’s price action saw cotton futures pull back, closing down 40 to 47 points in the nearbys. Crude oil prices were down 77 cents so far on the day, with the US dollar index up $0.400 to $99.835. Export Sales data indicated a total of 141,428 RB of cotton sold...
Corn Mixed at Midday
Corn showing mixed action on Thursday, with nearby July up 1 ¼ cents and some new crop months down 1 to 2 cents. The front month CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.35 1/2. This morning’s Export Sales report showed 1.19 MMT in corn...
Soybeans Shrugging Off Bean Oil Losses for Midday Gains
Soybean futures are up 3 to 6 cents at Thursday’s midday. The cmdtyView Cash Bean price is up 5 3/4 cents to $10.19 1/4. Soymeal futures are $4.70/ton higher on the day, with Soy Oil futures down 84 points. USDA released their weekly Export Sales report this morning, showing 307,939...
Wheat Leaking Back Lower on Thursday
The wheat complex trading with losses at Thursday’s midday. Chicago SRW futures are down 2 to 4 cents on the day. The Kansas City HRW market is 1 to 2 cents weaker so far on Thursday. Minneapolis spring wheat futures are slipping back 3 to 5 cents at midday. Export...
Cattle Rallying on Thursday
Live cattle futures are trading with $1.70 to $2.35 gains at midday. Cash trade started was reported at $230-231 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-229. Feeder cattle futures are up a strong $3.17 to $3.30 in the nearbys,...
Hogs Lower at Midday
Lean hog futures are slipping 37 to 65 cents at midday. USDA’s national average base hog negotiated price was reported at $92.45 on Thursday morning, down $4.15 from the day prior. The CME Lean Hog Index was up another 49 cents on May 20, at $92.34. Weekly Export Sales data...
Cotton Trading Lower on Thursday
Cotton futures are posting Thursday losses of 40 to 55 points so far at midday, with some outside pressure a factor. Crude oil prices are down 37 cents so far on the day, with the US dollar index up $0.470 to $99.905. Export Sales data indicated a total of 141,428...
Corn Steady on Thursday Morning
Corn is trading with fractionally mixed action on Thursday AM. 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. Preliminary open interest was up 4,587 contracts on Wednesday. The front month CmdtyView...
Hogs Face Pressure on Wednesday
Lean hog futures closed out the Wednesday session with contracts 50 cents to $1.02 lower. Preliminary open interest was up 3,377 contracts. 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...
Cattle Look to Thursday Trade
Live cattle futures closed higher on Wednesday, with contracts up 70 cents to $1. Wednesday’s preliminary open interest rose 2,310 contracts on Wednesday. Cash trade started was reported at $229-230 live in the north and dressed at $360-370. A few sales were picked up in KS at $224-227. The Wednesday...