Commentary
- Hogs Extending Higher at Midday
- Lean hog futures are showing slightly higher trade on Wednesday’s midday, up 10 to 37 cents at midday. USDA’s national base hog price was reported at $91.85 on Wednesday morning. The CME Lean Hog Index was 18 cents higher on Feb 20 at $88.35. Pork stocks at the end of...
- Cotton Bulls Pushing Higher on Wednesday
- Cotton futures are extending higher on Wednesday, with contracts rallying 70 to 80 points, as March is up 124 points in thinner trade. Crude oil futures are down 10 cents per barrel on the day at $65.53. The US dollar index is down $0.180 at $97.595. The Seam showed sales...
- Cattle Rallying on Wednesday
- Live cattle futures are up $1.75 to $2.75 so far on Wednesday. Cash trade has been quiet so far this week. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,456 head offered and bids at $244-245. Feeder cattle futures are in rally mode, up $3.17...
- Soybeans Popping Higher, Following Meal Rally
- Soybeans are trading with Wednesday gains at midday, with meal leading the charge. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.81. Soymeal futures are $7.60 to $8.10 in the front months, with. Soy Oil futures down 7 to 12 points. The forecast for Argentina...
- Corn Trading with Wednesday Gains
- Corn futures are trading with 1 to 3 ½ cent gains across the front months on Wednesday. The CmdtyView national average Cash Corn price is down a up ¾ cent to $3.96 1/2. With just 3 days left for price discovery for the spring base price for Crop Insurance, December...
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