Commentary
- Hogs Extend Weakness to Tuesday
- Lean hog futures were lower on Tuesday, with contracts down 60 cents to $1.70. USDA’s national base hog price was reported at $84.58 on Tuesday afternoon, up $1.76 from the day prior. The CME Lean Hog Index was down another 73 cents on September 11 at $87.21. USDA’s pork carcass...
- Cotton Face Tuesday Weakness
- Cotton futures were mixed on Tuesday with nearby and thin October up 46 points and other contracts down 3 to 17 points. Crude oil was up $4.09 per barrel on the session, with the US dollar index up $0.249. Weekly Crop Progress data showed 57% of the US cotton crop...
- Cattle Fade Lower on Turnaround Tuesday Weakness
- Live cattle futures faded back on Tuesday with contracts down $1.42 to $1.90. Cash trade has yet to get kicked off this week, as last week showed sales $1-6 higher than the previous week at $222-225. Feeder cattle futures posted $2.80 to $4 losses on Tuesday. The CME Feeder Cattle...
- Corn Bulls Gain Steam into the Close
- Corn futures posted fractional to 2 ½ cent gains across the board on Tuesday, following the rest of the grains and a $4.09 gain in crude oil after a weaker morning session. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $4.87. Early harvest progress may...
- Bulls in Meal Lead Beans Higher on Tuesday
- Soybeans are 10 to 11 cents higher in the front months on Tuesday, following meal gains. The cmdtyView national average Cash Bean price was up 14 1/2 cents at $12.60. Soymeal futures rallied $6.30 to $9.90, with Soy Oil 9 to 23 points higher in the front months and 2...
- Wheat Sees Gains on Tuesday
- The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW contracts closed the Tuesday session with contracts 5 ¼ to 8 ½ cents higher. KC HRW futures were 2 ¾ to 6 ¼ cents higher on the day. MPLS spring wheat was up 9 to 12 1/4...


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