Commentary
- Hogs Look to Monday Trade
- Lean hog futures posted mostly higher trad on Friday, with contracts up 25 cents to $1.37 at the close. August was up $2.65 last week. USDA’s national base hog price was reported at $99.32 Friday afternoon, down 94 cents from the day prior. The CME Lean Hog Index was 50...
- Cotton Rallying Back on Monday Morning
- Cotton price action is up 130 to 145 points so far on Monday AM trade. Futures saw weakness extend to Friday, with contracts closing down 62 to 89 points on the day, with December down 291 points last week. Crude oil was up another $3.50 per barrel, with the US...
- Corn Rallying Again Out of the Weekend
- Corn price action is 7 to 8 cents higher so far on Monday morning after gapping higher on Sunday night. Futures shrugged off the early weakness on Friday to close near the highs of the day, up 2 ¼ to 3 ½ cents across most contracts. September was 5 ¼...
- Wheat Showing Modest Monday Morning Strength
- Wheat is trading with modest 2 to 5 cent gains so far on Monday. The wheat complex was in rally mode to close out the week, finishing higher in all three exchanges. Chicago SRW contracts were 4 ¾ to 9 ½ cents higher across most contracts, with September up 42...
- Cattle Look to New Week Amid Softer Cash and Beef Prices
- Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 last week. Cash trade settled in at $238-240 in the north last week, with Southern trade at $237-238. Feeder cattle futures were down 65 cents to $2.20 on Friday, with August...
- Soybeans Posting Double Digit Gains on Monday Morning Trade
- Soybeans are posting 17 to 19 cent gains early on Monday. Futures rebounded from the Thursday losses to close Friday with a late push higher, up 4 ½ to 9 ½ cents. August was 12 ¾ cents in the green on the week, with November 12 ¼ cents higher. Open...
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