Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-184 in KS on Friday, even to $2...
Corn settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day to day net loss. The solid export sales report on Thursday lifted the market for the week, but with all the global uncertainties traders were content to square up...
Cotton futures settled lower on Friday, by 18 to 39 points. Nearby May is in deliveries, and only one trade was reported for the entire day, at 80.07. Active December was down 33 points and settled just a few ticks off of the intraday low. The outside markets were mixed,...
Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and the rest of the 2025 contracts ending the session higher. Nearby May was up 9 cents for the week, or 0.78%. Soymeal dropped $3.90 in the nearby May...
Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline in recent months) on Friday. Kansas City HRW continues to lead the way, with gains of 13 ½ to 14 ¼ on Friday and 64 ¾ for the week. Chicago futures...
Lean hogs hit their high for the week on Tuesday and spent the rest of the week fading the early rally. Futures settled $1.00 to $2.525 lower on Friday. USDA’s National Average Base Hog negotiated price was $90.38 in the PM report, up $1.67. Regional prices were not available due...
Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a...
Lean hogs are down another $1.12 to $2.45 at midday. USDA’s National Average Base Hog negotiated price was not reported on Friday morning, with a 5 day rolling average at 90.45. The CME Lean Hog Index was back down 21 cents on April 24 at $91.43. May futures still hold...
Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...
Cotton futures are up 6 to 45 this morning. They posted mixed action on Thursday, with contracts anywhere from up 38 points to 21 points lower. The outside market influences saw crude oil up $1.03/barrel (highest close since April 16) and the US dollar index 260 points lower. USDA Export...
Live cattle had a back and forth trade on Thursday but settled near the highs with $1.60 to $2.67 gains. Cash trade kicked off with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a week ago. Northern...
Overnight trade has corn prices slightly lower this morning. Corn finished Thursday with contracts up 1 ¾ to 5 cents across the board. Futures were helped out by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in...