HARVEST HOURS
- Hogs Weakness Resuming on Wednesday as Pork Prices Fall
- Lean hog futures are falling $1.05 to $1.30 so far on Wednesday. USDA’s national base hog price was down $3.66 from the day prior in the Wednesday AM report at $68.01. The CME Lean Hog Index was down another 38 cents on October 19 at $73.02. USDA’s pork carcass cutout...
- Cotton Posting Wednesday Midday Strength
- Cotton futures are showing 75 to 86 point gains so far on the Wednesday session. Crude is down $1.17 per barrel on the session, with the US dollar index holding steady. The Seam reported 2,550 bales sold on Tuesday, at an average of 76.22 cents/lb. The Cotlook A index was...
- Corn Bouncing Off Lows at Midday
- Corn futures are trading with Wednesday losses of 1 to 2 cents so far at midday, as cotracts are pulling off early lows. The CmdtyView national average Cash Corn price is 1/4 cent lower at $4.22 3/4. EIA data from this morning showed ethanol production in the week of October...
- Cattle Rally Continuing on Wednesday
- Live cattle futures are trading with $1.20 to $1.37 gains on Wednesday. Cash trade has yet to be reported this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,800 head offered, with a few bids of $224-224.50 live and $349 dressed. Feeder cattle futures are...
- Wheat Pressure Continues on Wednesday with Black Sea News
- The wheat complex is trading lower on Black Sea news at midday on Wednesday. Chicago SRW contracts are slipping 15 to 16 lower on Tuesday. KC HRW futures are falling 17 to 18 1/4 cents at midday. MPLS spring wheat is down 9 to 10 1/4 cents so far on...
- Soybeans Holding onto Weakness on Wednesday
- Soybeans are trading with 4 to 8 cent losses at Wednesday’s midday. The cmdtyView national average Cash Bean price is down 4 1/4 cents at $11.85 1/2. Soymeal futures is down $2.40 to $2.80, as Soy Oil futures are down 80 to 90 points. USDA reported a private export sale...
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