Ag Market Commentary
Cattle Rally on Liberation Day
Live cattle futures were rallying into Liberation Day, with contracts up $1.25 to $2 at the close. This morning’s Fed Cattle Exchange online auction from Central Stockyards showed sales on 2 lots totaling 397 head (of the 1,408 listed) at $210. Feeder cattle futures ended the midweek session with contracts...
Hogs Round Out Wednesday Mixed, as Mexico Left Off the Reciprocal Tariffs
Lean hog futures posted mixed trade on Wednesday, with contracts down 35 to 50 cents in the nearbys and pulling off their lows into the close. Nearby April was up 7 cents. The USDA national average base hog negotiated price was up 62 cents from the day prior at $88.88...
Wheat Mixed at Wednesday’s Close
Wheat posted mixed trade at Wednesday’s close, as contracts were higher in the KC market but lower in the others. Chicago SRW futures saw losses of 1 to 2 cents on the day. Kansas City HRW contracts settled with 3 to 4 cent gains on Wednesday. MPLS spring wheat was...
Cotton Closes Lower on Wednesday, as Reciprocal Tariffs Announced
Cotton futures were weaker on Wednesday, with contracts closing down 40 to 47 points. Crude oil futures are back down 48 cents/barrel, as the US dollar index was $0.614 lower on the day, mostly coming following the tariff announcement. President Trump’s “Liberation Day” tariffs came with reciprocal tariffs on Pakistan...
Corn Fall on Wednesday as Liberation Day Tariffs Announced
Corn futures closed the midweek session with contracts fractionally lower in some new crop months to as much 4 cents in the red for nearbys. The CmdtyView national average Cash Corn price was down 3 3/4 cents on the day at $4.27 1/2. President Trump’s “Liberation Day” tariffs came with...

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