HARVEST HOURS
- Cattle Extending Higher on Tuesday
- Live cattle futures are showing $1.82 to $1.95 higher in most nearbys on Tuesday. Cash trade has yet to be reported this week, following the northern dressed sales at $350-355 and $222-227 live last week and Southern sales at $228. Feeder cattle futures are up $1.05 to $2.75 across the...
- Soybeans Facing Tuesday Losses
- Soybeans are showing losses of 6 to 8 cents, as meal spillover weakness is taking over the continued export business. The cmdtyView national average Cash Bean price is down 7 1/4 cents at $11.87. Soymeal futures are down $5.40 to $6.20, as Soy Oil futures are up 25 to 28...
- Corn Facing Continued Pressure on Tuesday
- Corn futures are trading with 5 to 6 cent losses at the midday portion of the session. The CmdtyView national average Cash Corn price is 5 1/2 lower cents at $4.22 3/4. The average close for December corn in October has been $4.87, as the October is used to determine...
- Cotton Bulls Pushing Higher on Tuesday
- Cotton futures are trading with contracts 65 to 76 points higher at Tuesday’s midday. Crude oil is up 32 cents per barrel on the session, with the US dollar index $0.216 lower. Late on Monday, the White House announced a Harvest Fuel Relief Program, providing producers with $8 billion in...
- Wheat Weakness Extending to Tuesday
- The wheat complex is showing losses across the three exchanges on Tuesday. Chicago SRW contracts are falling 12 to 13 cents so far on the day. KC HRW futures are 8 to 9 cents lower on Tuesday. MPLS spring wheat is down 7 to 8 cents so far at midday....
- Hogs Ticking Higher on Monday as Pork Finds Some Strength
- Lean hog futures are trading with contracts up a nickel to 67 cents at midday. USDA’s national base hog price was down $5.85 from the day prior in the Tuesday AM report at $66.14. The CME Lean Hog Index was down another 79 cents on October 16 at $73.40. USDA’s...
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