Commentary
- Hogs Close Mixed on Tuesday
- Lean hog futures were up 30 cents in the front month April, with other contracts down 35 to 70 cents. USDA’s national base hog price was reported at $90.82 on Tuesday afternoon. The CME Lean Hog Index was down another 8 cents on April 3 at $89.93. USDA’s pork carcass...
- Cotton Face Weakness on Tuesday
- Cotton futures closed the session with contracts 28 to 40 points in the red. The US dollar index was $0.375 lower at $99.480. Crude oil was down $2.03 on the day after late reports that the US and Iran were reviewing a Pakistan proposed 2-week ceasefire ahead of Tuesday nights...
- Wheat Closes Mixed on Tuesday
- The wheat complex was mixed on Tuesday, with the soft red contracts higher. Chicago SRW futures posted 1 to 3 cent in the red on the day. KC HRW futures saw fractional losses at the close. MPLS spring wheat was down 3 to 4 cents in the front months. Crop...
- Cattle Fall Lower on Tuesday
- Live cattle futures settled with front month April up 17 cents and other contracts down 50 cents to $1.22. There were no deliveries issued for April on Tuesday. Cash trade has yet to get kicked off this week, with sales at $245-246 last week. Feeder cattle futures were down $3...
- Corn Fall Lower on Tuesday
- Corn futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil was down $2.03 on the day after late reports that the US and Iran were reviewing a Pakistan proposed 2-week ceasefire ahead...
- Soybeans Face Weakness on Tuesday
- Soybeans posted Tuesday losses of 6 to 9 cents in the nearby contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 cents at $10.89 1/4. Soymeal futures were down $1.30 to $4.80 in the front months, with Soy Oil futures down 8 to 31 points at...
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