Commentary
- Cattle Bounce Off Lows on Friday, as Placements Come Above Estimates
- Live cattle futures were up 25 cents to $1.02 lower on Friday, with June down $4.60 this week. Cash trade from this week has been $260 to $265 across the country, with late sale slipping to $258-260. Feeder cattle futures were down $4.42 to $6.67 at the close on Friday,...
- Corn Closes Friday with Strength
- Corn futures closed the Friday session with contracts 1 to 2 cents higher, as July was up 7 ½ cents this week. December firmed up 5 ½ cents. The CmdtyView national average Cash Corn price was up a penny to $4.23 1/2. The CBoT will be closed on Monday for...
- Soybeans Hold onto Gains into the Long Weekend
- Soybeans held higher into the Friday close, as contracts were steady to 2 ¼ cents in the green. July was up 19 ½ cents on the week, with November 17 cents higher. The cmdtyView national average Cash Bean price was up 2 cents at $11.33 1/2. Soymeal futures were firm...
- Hogs Close Mixed into the Long Weekend
- Lean hog futures closed mixed on Friday, with contracts 62 cents higher to 72 cents lower. June was down $3 this week. USDA’s national base hog price was $93.23 in the Friday PM report, down 35 cents from the day prior. The CME Lean Hog Index was up 45 cents...
- Cotton Falls into Memorial Day Weekend
- Cotton futures were 8 to 56 cents lower in most contracts on Friday, with July down 319 points on the week. December was down 258 points since last Friday. The US dollar index was $0.052 higher at $99.270. Crude oil was up $0.65 on the day to $97.00. The market...
- Wheat Falls Back on Friday
- The wheat complex pulled off the midday lows but still closed with losses on Friday across the three markets. Chicago SRW futures were steady to 1 3/4 cents in the red on the Friday session, as July was 10 ½ cents lower on the week. KC HRW futures were 1...
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