Cattle markets break down to end week on a sour note
Lean hog futures were up another 20 to 75 cents on Friday, as the bounce this week saw April rally $2.40. USDA’s national base hog price was reported at $88.96 on Friday afternoon, down $2.08 from the...
The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6 to 9 cents higher on...
Corn futures were up 1 to 4 cents across the front months on Friday, as March was down 4 ¼ cents this week. Spillover support from gains in wheat was helping. The CmdtyView national average Cash Corn...
Live cattle futures were down 90 cent to $1.50 across the front months on Friday, as April was still $1.37 higher this week. Cash trade was limited this week, with some $245-247 in the North and some southern...
Cotton futures posted a rally or 110 to 150 points across most contracts on Friday, as March closed out the week with a 92 point gain. Crude oil futures was down 4 cents per barrel on the day at $66.36....
Soybeans were down 3 to 4 cents in the front months, as Marc was up 4 ½ cents this week. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures were up $5 to...
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
