Ag Market Commentary
- Hogs Fall on Friday
- Lean hog futures posted Friday losses of 35 cents to $1.20 in the nearbys, with October dropping 2.725 on the week. The national average base hog price was reported at 76.79 on Friday afternoon, down $1.05 from the day prior. The CME Lean Hog Index was $86.43 on September 4,...
- Wheat Slips Back on Friday, Still Higher on the Week
- Wheat futures saw Friday losses across the three exchanges. Chicago SRW futures were down 7 ¾ cents in the nearby contracts, as Dec was up 15 ½ cents since last Friday. KC HRW was 11 ¼ cents higher in the front months to close out the day, as December tallied...
- Cattle Collapse Continues Through Friday
- Live cattle futures saw their fair share of selling on Friday, with contracts down $1.90 to $2.07 across the front months. Cash trade has been slow this short week, with the South kicking things off at $181, down $2 on the week. Northern sales were light with $180-183 reported this...
- Corn Sees Week-End Pressure on Friday
- Corn futures close out the day with contracts 4 to 6 ¼ cents lower in the nearbys. December was still up 5 ¼ cents over the course of the week. Export Sales data showed old crop corn with net reductions of 173,097 MT in the week of August 29. That...
- Soybeans Fall Back to Minimize Weekly Gains
- Soybean futures posted 18 to 19 cent losses across the nearby contracts on Friday. That took the gain over the course of the week for November to just a nickel. Soymeal futures were down $1.90/ton in the October contracts. Soy Oil futures were the pressure factor on Friday with losses...
- Cotton Heads Home Lower on Friday, with Outside Pressure
- Cotton futures closed with contracts down 149 to 156 points across the front months on Friday. The dollar index was back up 71 points, with crude oil futures back down $1.04/barrel to add pressure. Export Sales data from this morning showed a high in the first month of the marketing...