Commentary
- Hogs Trading Mostly Lower on Tuesday
- Lean hog futures are showing 20 cent gains in soon to expire July, with other contracts own 35 to 65 cents. USDA’s national base hog price was reported at $96.87 on Tuesday morning. The CME Lean Hog Index was 42 cents higher on July 10 at $93.11. USDA’s pork carcass...
- Cattle Falling on Tuesday
- Live cattle futures are trading with $2.25 to $2.90 losses so far at midday. Cash trade was at $247-248 across the country last week, a $7-8 drop from the week prior. Feeder cattle futures are up $4.85 to $5 lower across most contracts. The CME Feeder Cattle Index was back...
- Soybeans On the Lower Side at Tuesday’s Midday
- Soybeans are showing 1 to 3 ¼ cent losses at midday. The cmdtyView national average Cash Bean price is down 3 cents $11.47 3/4. Soymeal futures are down a dime, with Soy Oil futures 49 points lower. July futures expire for the complex at the close. Crop Progress data from...
- Wheat Back to Rallying on Tuesday
- The wheat complex is trading with gains across the three exchanges at midday. Chicago SRW contracts are up 10 to 12 cents higher so far on the day. KC HRW futures are 10 to 12 cents at midday. MPLS spring wheat is trading with 5 to 6 cent gains so...
- Cotton Facing Early Tuesday Weakness
- Cotton futures are back to higher trade on Tuesday with contracts up 27 to 40 points so far at midday. Crude oil is up $1.03 on the day with the US dollar index was up $0.380. Monday afternoon’s Crop Progress showed 60% of the US cotton crop squared as of...
- Corn Facing Midday Losses, Still Off Early Lows
- Corn futures are trading with contracts down 2 to 2 ½ cents so far at midday. July futures expire today. The CmdtyView national average Cash Corn price is 2 cents lower at $4.08. The weekly Crop Progress report showed 16% of the US corn crop silking by July 12, 4...
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