Commentary
- Cattle Trying to Bounce Off Early Lows into the Long Weekend
- Live cattle futures are up 22 cents to 85 cents lower. Cash trade from this week has been $260 to $265 across the country. The Friday Fed Cattle Exchange online auction showed $259 sales on 104 of the 652 head offered, with $258 bids on the remaining. Feeder cattle futures...
- Cotton Falling Lower on Friday
- Cotton futures are down 50 to 77 points at Friday’s midday. The US dollar index was $0.003 lower at $99.215. Crude oil was up $0.54 on the day to $98.89. The market will be closed on Monday for Memorial Day, with a normal open for the Tuesday session. USDA’s Export...
- Soybeans Holding onto Gains at Midday
- Soybeans are trading with 1 to 4 cent losses across most contracts on Friday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $11.34 3/4. Soymeal futures are up $2.30 to $3.80 on the day, with Soy Oil futures 40 to 45 points higher. The CBoT...
- Corn Posting Penny Friday Gains
- Corn futures are showing gains of a penny in most front months on Friday. The CmdtyView national average Cash Corn price is up 1 cent to $4.23 1/2. The CBoT will be closed on Monday for Memorial Day, with the Tuesday session showing a normal open. A couple private export...
- Wheat Facing Pressure on Friday
- The wheat complex is trading with modest weakness on Friday. Chicago SRW futures are 1 to 3 cents in the red on the Friday session. KC HRW futures are down 7 to 8 cents at midday. MPLS spring wheat is trading with 2 to 3 cent losses at midday. The...
- Hogs Trading Mixed on Friday
- Lean hog futures are mixed at midday, with front months June up a dime and other contracts down as much 75 cents. USDA’s national base hog price was $93.57 in the Friday AM report. The CME Lean Hog Index was up 45 cents on May 20 at $91.07. The CME...
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