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...
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...
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...
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...
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....
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
