Commentary
Cattle Holding onto Monday Gains at Midday
Live cattle futures are trading with 45 to 95 cent gains on Monday. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder cattle futures are trading with $2.75 to $3.75 gains on Monday, fading back from early session gains. The CME Feeder Cattle Index...
Cotton Slipping Back Lower on Monday
Cotton futures are trading with losses of 130 points in July on Monday, with other contracts down 20 to 25 points. Crude oil is down another $2.94/bbl to $76.62. The US dollar index is up another $0.157 at $100.775. The Seam reported 3 bales sold on 6/19 at an average...
Hogs Showing Mixed Midday Action
Lean hog futures are mixed, with July down 22 cents and other contacts 15 to 35 points higher. USDA’s national base hog price was not reported on Monday morning due to thin trade. The CME Lean Hog Index was back down 27 cents on June 18 at $92.17. USDA’s pork...
Wheat Facing Midday Losses on Monday
The wheat complex are trading with contracts falling lower across the three markets. Chicago SRW contracts are 4 to 6 cents in the red at midday. KC HRW futures are 6 to 7 ¼ cents lower in the front months. MPLS spring wheat are down 5 to 6 ¼ cents...
Soybeans Posting Mixed Trade at Midday
Soybeans are mixed at midday, with front months down 1 to 3 cents and new contracts up 1 to 2 cents. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.68 ½. Soymeal futures are down $1.30, with Soy Oil futures back up 115 to 147...
Corn Slipping Lower on Monday
Corn futures are trading with 3 to 5 ¼ cents losses in most contracts on Monday. The CmdtyView national average Cash Corn price is down 5 cents at $3.82 1/2. USDA’s FGIS tallied corn export shipments at 1.454 MMT (57.25 mbu) during the week ending on June 18. That was...


  


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