Commentary
- Cattle Look to Thursday Trade After Early Week Rally
- Live cattle future rallied on Wednesday, with contracts up $1.07 to $2.95 across the board. This morning’s Central Stockyards Fed Cattle Exchange online auction saw 519 head sold of the 2,652 head offered, at $186 live in TX and $188.50 using the BidTheGrid™ method. Feeder cattle futures were $3.07 to...
- Cotton Falling on Thursday AM
- Cotton prices are slipping lower ahead of the weekly Export Sales release, down 66 to 74 points. Futures ended the Wednesday session with contracts up 6 to 39 points across the board. The dollar index added some pressure, up 459 points. Crude oil futures were up $1.09/barrel. The Seam reported...
- Corn Pulling Back Ahead of Export Sales Release
- Corn prices are down 2 to 2 ½ cents so far on Thursday morning. Futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from cmdtyView was...
- Hogs Stronger on Wednesday
- Lean hogs posted a 2 cent to $2.15 gain across the front months out through June 2025, with the remaining contracts down 10 to 27 cents. The national average base hog price was reported at $73.91 on Wednesday afternoon, down $1.88 from the previous day. The CME Lean Hog Index...
- Soybean Selling Kicking Off Thursday Trade
- Soybeans are trading with 11 to 12 cent losses across the nearbys to start Thursday. They ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up ½ to 1 ½ cents. CmdtyView’s national front month Cash Bean price was down...
- Wheat Pulling Back on Thursday AM
- Wheat is slipping lower so far to begin Thursday trade. Futures continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board. KC HRW contracts posted a 18 ½ to 21 cent rally across the front months on...
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