Commentary
Hogs Faces Pressure on Friday
Lean hog futures posted losses of 62 cents to $1.67 at the Friday close, with June slipping 62 cents on the week. USDA’s national base hog price was reported at $92.64 on Friday morning, down 61 cents from the day prior. The CME Lean Hog Index was back up 10...
Soybeans Rounds Out the Week with Strength
Soybeans futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher this week. November was up 27 cents on the week. The cmdtyView national average Cash Bean price was up 13 1/2 cents at $11.37 3/4. Soymeal futures were steady to...
Wheat Trading Mostly Higher at Midday
The wheat complex closed Friday with most exchanges higher. Chicago SRW futures saw steady to 5 cent higher trade, as May was 16 ¼ cents in the green since last Friday. KC HRW futures posted ¾ to 4 ½ cent gains, as May rallied 23 ½ cents on the week....
Cotton Extends Rally on Friday
Cotton futures closed the Friday session with contracts up 89 to 199 points higher, as July was up 483 points for the week. December was up 398 points. The US dollar index was $0.146 higher at $98.065. Crude oil was down $2.57 to $102.50. Managed money added another 3,891 contracts...
Corn Closes Friday with Gains to Round Out the Week
Corn futures posted gains of 1 ¼ to 5 ½ cents across the board on Friday, with May rallying 13 ¼ cents on the week. December was 14 ½ cents higher this week. The CmdtyView national average Cash Corn price was 7 cents higher on the day to $4.39 ¾....
Cattle Fade Back Lower into the Close
Live cattle futures closed the Friday session with contracts down 40 cents to $1.02, as June was $7.77 on the week. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256-257 on Wednesday. Feeder cattle futures posted losses of 40...


  


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