I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Corn futures today held up even while crude oil sold off. Typically, the prices...
Cotton futures closed the Tuesday session with contracts down 11 to 61 points. The US dollar index was $0.278 lower at $97.885. Crude oil was down $7.01 on the day, as reports suggest the US and Iran could...
The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW futures were 7 1/2 to 10 cents higher on the day. KC HRW futures led the way with gains of 18 1/2 to 20 1/4 cents on...
Live cattle futures closed the Tuesday session with gains of $1.05 to $2.90 across the board. Last week’s cash trade was at $246-249 in the South, with some northern action near $249-250. Monday had...
Lean hog futures posted Tuesday losses of 5 to 72 cents, as April was steady ahead of the Wednesday expiration. USDA’s national base hog price was reported at $90.77 on Tuesday afternoon, up $1.73 from...
Corn futures closed out the Tuesday session on a mixed note, with front months up 1 ½ to 2 ¾ cents and other contracts fractionally lower. The CmdtyView national average Cash Corn price was up 3 cents...
Soybeans were lower on Tuesday with contracts down 3 to 6 ½ cents across most months. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $10.91 1/4. Soymeal futures were 20 cents to...
WALSH PURE SPREADER - Pure Hedge Division
While unsure if a higher fat price this week will turn negative margins to plus for cattle feeders, I can't recall a time when the industry has been able to have its cake and eat it to.
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.81%. June E-mini...