Commentary
- Cattle Rally Out of Labor Day Weekend
- Live cattle futures closed the Tuesday session with contracts $2.37 to $4.50 gains across most contracts at the close. Cash trade saw light action last week with sales ranging from 218-220, with a few up to $222. Feeder cattle futures rounded out the Tuesday session with contracts $4.05 to $5.72...
- Hogs Rally on Tuesday
- Lean hog futures posted a Tuesday rally of 35 cents to $2.57 across most contracts. USDA’s national base hog price was reported at $86.35 on Tuesday afternoon. The CME Lean Hog Index was back down 54 cents on September 3 at $90.54. USDA’s pork carcass cutout value was back down...
- Corn Faces Tuesday Weakness
- Corn futures posted losses of 1 to 3 ¼ cents across most front months on Tuesday. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.87 3/4. This week’s Crop Progress report showed 76% of the US corn crop dented as of September 6, with 25%...
- Soybeans Come Out of Labor Day with Gains
- Soybeans closed the day with contracts 6 ½ to 10 cent gains across the board on Tuesday. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $12.57 1/4. Soymeal futures were down $1.50 to $5.30 at the close, with Soy Oil 94 to 155 points higher....
- Wheat Post Tuesday Gains Following Peace Talks
- The wheat complex came out of the long weekend with gains across the board. Chicago SRW contracts were 6 ¼ to 14 ¼ cents higher at the close. KC HRW futures posted gains of 4 to 18 cents on Tuesday. MPLS spring wheat saw strength of 8 ½ to 11...
- Cotton Posts Mixed Trade on Tuesday
- Cotton futures were mixed on Tuesday, with contracts closing 22 points higher to 26 points lower. Crude oil was back up $2.77 per barrel on the day, with the US dollar index slipping $0.335. Weekly Crop Progress data showed 40% of the US cotton crop with bolls opening as of...
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