Commentary
- Hogs Slip Lower into Thursday’s Close
- Lean hog futures saw losses of 45 cents to $1.35 in the front months on Thursday. USDA’s national base hog price was reported at $93.32 on Thursday afternoon, down $2.19 from the day prior. The CME Lean Hog Index was back up 26 cents on May 12 at $90.74. Export...
- Wheat Longs Retreat on Thursday
- The wheat complex was under pressure with the rest of the grains on Thursday, as the Trump/Xi meeting yielded very few headlines for any potential ag purchases. Chicago SRW futures were down 11 3/4 to 18 cents in the front months. KC HRW futures were leading the charge, with 11...
- Soybeans Collapse Following Little News Out of Trump/Xi Meeting
- Soybeans posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to $6, with Soy Oil futures falling 44 to 83 points. May futures expired today. A meeting between...
- Corn Falls Back on Thursday
- Corn futures were down 9 to 15 cents in the front months on Thursday, falling with the rest of the grain complex as very few details were announced out of the Trump/Xi meeting. May futures expired today. The CmdtyView national average Cash Corn price was down 13 cents to $4.27....
- Cattle Fall Back into the Thursday Close
- Live cattle futures retreated from early gains on Thursday with contracts down 32 to 72 cents at the close. Cash trade has seen some $260 sales in the South this week with, with northern trade at $408-415 dressed and $265 live. Feeder cattle futures posted $1.20 to $2.92 losses on...
- Cotton Corrects Lower on Thursday
- Cotton futures saw weakness on Thursday with contracts down 175 to 287 points in the front months. The US dollar index was $0.352 higher at $98.775. Crude oil was up $1 at $102.02. A meeting between President Trump and China’s President Xi in Beijing concluded early this morning. Few details...
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