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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.
Wheat futures were the leader in today’s grain trade, is a bigger breakout looming? Corn and soybeans continued to chop around, while cattle posted another strong performance.
Corn futures are trading with contracts fractionally to 3 cents in the green so far on Tuesday’s midday. The CmdtyView national averageCash Corn price is up 2 3/4 cent at $4.05 3/4. USDA reported private...
Soybeans are trading with 4 to 7 cent losses at midday. The cmdtyView national average Cash Bean price is down 4 1/2 cents at $10.91. Soymeal futures are $1.60 to $2 lower on the day, with Soy Oil futures...
The wheat complex is showing gains across most contract son Tuesday, with the three exchanges higher. Chicago SRW futures are 5 to 6 on the day. KC HRW futures are 16 to 17 cents in the green on the day....
The wheat complex posted strength on Monday, with double digit gains across the three exchanges. Chicago SRW futures were 6 to 11 1/4 cents higher at the close. Open interest was down 8,983 contracts,...
Corn are trading with early 2 to 3 cent gains on Tuesday morning. Futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. Preliminary...
Soybeans are showing 1 to 3 cent gains early on Tuesday after retreating on Monday. Futures closed Monday with losses of 5 to 13 ¾ cents easing lower into the close. Open interest suggested some of that...
The wheat complex posted strength on Monday, with double digit gains across the three exchanges. Chicago SRW futures were 6 to 11 1/4 cents higher at the close. KC HRW futures were 5 to 12 1/4 cents in...
Corn futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.02...
