Commodity News
Hogs Slipping on Thursday
Lean hogs are trading with 20 to 65 cent losses in the front months on Thursday. The national average base hog price was reported at $74.73 on Thursday morning, up $1.38 from the previous day. The CME Lean Hog Index was $84.45 on October, up 31 cents from the day...
Cotton Falling with Weak Export Sales Data
Cotton futures are 85 to 91 points lower at midday, following a second week of poor export sales data. The dollar index is adding some pressure, up 270 points. Crude oil futures are up $3.50/barrel t midday on escalating tensions in the Middle East as the world awaits Israel’s response...
Corn Slipping Back on Thursday
Corn futures are showing just fractional losses far on the Thursday session, despite better than expected export business. The national average Cash Corn price from cmdtyView is down ½ cent at $4.00 3/4 per bu. Dryness for much of the US over the next week, with drier and warmer weather...
Cattle Pulling Back on Thursday
Live cattle futures are trading with 85 cent to $1.12 losses at midday. This morning’s Central Stockyards Fed Cattle Exchange online auction saw no sale on the 1,614 head offered, with bids of $184-184 via the BidTheGrid™ method. Feeder cattle futures are down a nickel to $1.05 on the day....
Wheat Pulling Back on Thursday Trade
Wheat trading with midday losses across the three markets on Thursday. Chicago SRW futures are down 6 to 7 ¼ cents across the front months. KC HRW contracts are 2 to 4 cents lower so far on the day. MPLS spring wheat is mixed at midday, with nearby contracts within...
Soybeans Pulling Off Lows at Midday
Soybeans are trading with just fractional losses on Thursday’s midday, after double digit losses earlier in the morning. CmdtyView’s national front month Cash Bean price is down 1/2 cent at $9.93 1/2. Soymeal is down $3.80-$4.10/ton across the front months but off the lows. Soy Oil futures are up 108...