Commentary
- Cattle Look to New Week of Trade
- Live cattle futures were $1.22 to $1.77 higher at the Friday close, to limit the weekly loss for April to $1.65. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder cattle futures saw gains of $1 to $3.97 across the...
- Hogs Look to Monday Trade
- Lean hog futures were down 45 cents to $1.55 in most front months on Friday, with June up 85 cents last week. Open interest was up just 998 contracts on Friday. USDA’s national base hog price was reported at $90.42 on Friday afternoon. The CME Lean Hog Index was up...
- Corn Starting Monday with Gains
- Corn price action is up 3 to 4 cents early on Monday morning. Futures posted mixed trade, with contracts down ½ cent to 2 cents higher. Mar was up 6 ¼ cents on the week, with December up 7 ¼ cents. Open interest was down 20,505 contracts on Friday, with...
- Wheat Holding Firm on Monday Morning
- Wheat is starting off the week with modestly mixed trade, withing 2 cents of unchanged. The wheat complex was lower across the winter wheat contracts on Friday, with Spring wheat holding up. Chicago SRW futures were steady to 3 ½ cents lower on the day, with May up 17 cents...
- Cotton Rallying on Monday Morning
- Cotton prices are up 97 to 105 points across most contracts on Monday. Futures were down 1 to 12 points across most front months on Friday, with May the lone hold out, up 20 points. May was still down 40 points last week. The US dollar index is slipping 0.2622...
- Soybeans Show Early Monday Strength
- Soybeans are trading with 1 to 3 cent gains so far on Monday morning. Futures closed Friday with contracts steady to 4 cents higher, as May settled the week with a 3 ½ cent loss and November down ¾ cent. Open interest was down 16,336 contracts, as 31,411 contracts were...
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