Ag Market Commentary
Cattle Strength Continuing on Thursday
Live cattle futures are holding onto strength at midday, with contracts up 17 to 60 cents at midday. Cash trade has been slower this week following last week’s strength. This morning’s Fed Cattle Exchange online auction showed no bids/sales on the 1,258 head offered. Feeder cattle futures are up 20...
Cotton Lower at Midday Following Weaker Export Business
Cotton futures are weaker on Thursday, as USDA’s Export Sales data was weaker. Contracts are down 30 to 45 points at midday. The outside factors are back to mixed action, with crude oil futures up $1.11/barrel. The US dollar index is up $0.387 so far on the day. Cotton export...
Hogs Trading Mixed on Thursday
Lean hog futures are posting mixed action so far on Thursday, with contracts up 15 cents in April to down 55 cents in other front months. The USDA national average base hog negotiated price was reported at $90.40 on Thursday morning, up 35 cents from the day prior. The CME...
Soybeans Higher So Far on Thursday
The soybean market is trading with contracts steady to 4 cents higher so far on Thursday. CmdtyView’s national front month Cash Bean price is up 3 3/4 cents at $9.50 1/2. Soymeal futures are trading with losses of $1/ton, as Soy Oil futures are up 38 points on the day....
Wheat Falling as USDA Report Marketing Year Low in Export Business
Wheat futures are falling on Thursday with a weaker round of export business on Thursday. Chicago SRW futures are 7 to 9 cents in the red as the market trades through Thursday. Kansas City HRW contracts are falling another 9 to 10 cents so far on Thursday. MPLS spring wheat...
Corn Strength Showing at Midday, with Solid Export Sales
Corn futures are showing 4 to 6 cent gains int eh nearbys on Thursday, as new crop is 1 ½ cents in the green. The CmdtyView national average Cash Corn price was back up 3 1/2 cents at $4.25 1/2. Export Sales data from this morning showed 1.497 MMT in...

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