Hogs Post Strength to Close the Week
Lean hog futures settled the Friday session with contract sup 17 to 97 cents, as Feb was up 42 cents on the week. The national average base hog negotiated price was reported at $80.13 on Friday afternoon, down $5.21 from the day prior, though volume was light. The CME Lean...
Cotton Slipping Lower on Friday
Cotton futures posted 84 to 103 point losses on Friday, amid some outside market pressure. March was down 182 points on the week. December cotton futures expire today. The outside markets were pressure factors, with the US dollar index up 249 points and crude oil back down $1.13/barrel lower. Weekly...
Cattle Close Mixed Despite Cash Strength
Live cattle futures closed out the Friday session with contracts down 25 cents to up 62 in some deferreds. Cash trade settled in this week around $191 in the South and $191-192 in the North. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed sales on three lots...
Wheat Closes with Mixed Trade on Friday, but Gains on the Week
The wheat complex posted mixed action across the three markets on Friday. Chicago SRW futures were fractionally to 2 ½ cents lower, with December down 4 1/4. March was up 9 ¼ cents this week. KC HRW contracts were up 1 to 1 3/4 cents on the day, with a...
Corn Rallies on Friday
The corn market put on a rally ahead of the weekend as contracts were up 2 ½ to 5 cents across the board on Friday. March was up 7 cents on the week. The national average Cash Corn price from cmdtyView was up 4 3/4 cents at $4.12 1/4. Commitment...
Soybeans Close Friday on a Mixed Note
Soybeans shook off the early losses on Friday, but closed with the front months steady to ¼ cent higher and other contracts down 1 ¼ to 2 ¾. January saw a 4 ¼ cent gain this week. CmdtyView’s national front month Cash Bean price was back up 1/4 cent at...
Cotton Slipping Lower on Friday
Cotton futures are heading 87 to 99 points lower so far on Friday, amid some outside market pressure. December cotton futures expire today. The outside markets are pressure factors, with the US dollar index up 374 points and crude oil back down 81 cents/barrel lower. Export Sales data showed 2024/25...
Corn Putting on a Friday Rally
The corn market is posting a midday Friday rally, with contracts up 3 to 4 cents as March is trying to creep back above $4.40. The national average Cash Corn price from cmdtyView is up 4 3/4 cents at $4.12. Export Sales data has accumulated corn shipments at 11.384 MMT,...
Soybeans Reversing Morning Losses at Midday
Soybeans are shaking off the early session weakness at midday, with contracts mixed at midday and nearbys up fractionally. CmdtyView’s national front month Cash Bean price is back up 1 cent at $9.46 3/4. Soymeal futures are $2.80/ton lower. There were 50 deliveries issued against Dec soy meal overnight. Soy...
Wheat Mixed Around on Friday
The wheat complex is posting mixed action across the three exchanges on Friday. Chicago SRW futures are showing fractional gains at midday. There were 7 deliveries issued against Dec CBT wheat overnight. KC HRW contracts are up 1 to 2 cents on the day. MPLS spring wheat is slipping down...
Cattle Revert Back to Higher Friday Trade
Live cattle futures are posting gains of 25 to 55 cent gains so far on Friday. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed sales on three lots of the 1,174 head listed. Sales ranged from $191-191.50 live. Other sales today have been in the $191 range....
Hogs Popping on Friday
Lean hog futures are trading with 70 cent to $1.05 gains so far on Friday. The national average base hog negotiated price was not reported on Friday morning, with 5-day rolling average at $87.84. The CME Lean Hog Index was reported at $83.93 on December 4, down 14 cents the...
Cotton Easing Lower on Friday Morning
Cotton prices are showing 43 to 51point losses across most contracts on Friday morning. December cotton futures expire today. Futures posted losses of 8 to 21 points on Thursday. The outside markets were mixed, with the US dollar index down 565 points and crude oil back down 15 cents/barrel lower....
Corn Bulls Showing Slight Strength on Friday AM
Futures are posting some slight 1 to 2 cent gains so far on Friday morning. The corn market closed out the Thursday session with 3 ¾ to 5 cent gains, as Export Sales data was better than expected. The national average Cash Corn price from cmdtyView was up 5 cents...
Cattle Lower on Thursday
Live cattle futures closed Thursday with losses of $1.12 to $2. Thursday morning’s Fed Cattle Exchange online auction from Central Stockyards showed no sales on the 1,174 head listed. Bids ranged from $186-190 live. Outside of that, bids have been reported at $190, with a few sales there as well....