Commentary
- Cattle Fall Back on Friday
- Live cattle futures were down 90 cent to $1.50 across the front months on Friday, as April was still $1.37 higher this week. Cash trade was limited this week, with some $245-247 in the North and some southern trade up to $249. Feeder cattle futures were under pressure on Friday,...
- Cotton Rallies to Round Out the Week
- Cotton futures posted a rally or 110 to 150 points across most contracts on Friday, as March closed out the week with a 92 point gain. Crude oil futures was down 4 cents per barrel on the day at $66.36. The US dollar index was down $0.170 to $97.685. USDA’s...
- Corn Holds onto Friday Gains
- Corn futures were up 1 to 4 cents across the front months on Friday, as March was down 4 ¼ cents this week. Spillover support from gains in wheat was helping. The CmdtyView national average Cash Corn price was up 1 3/4 cent to $3.94 1/4. With just a week...
- Soybeans Slip Lower on Friday Following Supreme Court Ruling
- Soybeans were down 3 to 4 cents in the front months, as Marc was up 4 ½ cents this week. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures were up $5 to $5.30 in the front months, with March up 60...
- Wheat Rallies to Close the Week
- The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6 to 9 cents higher on Friday, as March rallied 29 ¾ cents...
- Hogs Extend Rally to Friday’s Close
- Lean hog futures were up another 20 to 75 cents on Friday, as the bounce this week saw April rally $2.40. USDA’s national base hog price was reported at $88.96 on Friday afternoon, down $2.08 from the day prior. The CME Lean Hog Index was 40 cents higher on Feb...
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