Commentary
- Cattle Fading Lower Ahead of USDA Data
- Live cattle futures are trading with midday losses of 97 cents to $1.90. The Thursday Fed Cattle online auction showed no sales on the 1,466 head offered, with bids at $254. Cash trade has been slow this week. Feeder cattle futures are down 50 cents to $1.25 so far at...
- Soybeans Facing Pressure as Products Retreat
- Soybeans are falling on Thursday despite another round of export business, as contracts are down 6 to 9 ¾ cents. The cmdtyView national average Cash Bean price is down 9 cents at $10.70. Soymeal futures are down $4.90 to $5.10, with Soy Oil futures falling another 205 to 215 points....
- Cotton Trading Mostly Lower on Thursday
- Cotton futures are down 7 to 85 points so far on Thursday, with front months leading the losses. Crude oil is down another $2.07/bbl to $74.68. The US dollar index is up another $0.684 at $100.555. The market will round out the week today, with Friday off in observance of...
- Wheat Falling Back on Thursday
- The wheat complex is giving back some of the Wednesday gains on Thursday with losses across the three markets. Chicago SRW contracts are trading with Thursday losses of 10 to 11 cents.. KC HRW futures are trading with 11 to 12 cent losses at midday. MPLS spring wheat is down...
- Hogs Slipping Back Lower on Thursday
- Lean hog futures are trading with midday losses of 2 to 50 cents on Thursday. USDA’s national base hog price was reported at $97.32 on Thursday morning, down 18 cents from the previous day. The CME Lean Hog Index was back up 50 cents on June 16 at $92.43. The...
- Corn Heading into the Long Weekend with Losses
- Corn futures are back down 5 to 6 ½ cents in most front months on Thursday. The CmdtyView national average Cash Corn price is down 5 1/2 cents at $3.84 1/2. The market will round out the week today, with Friday off in observance of Juneteenth. USDA reported a daily...
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