Ag News
USDA
Ag Commentary
- Corn Heads Lower into the Weekend
- The corn market was under pressure on Friday as contracts were 2 to 4 cents in the red. July closed the week, giving all the previous gains back, down 15 ½ cents, as December lost 12 ¼ cents. The front month CmdtyView national average Cash Corn price was down 1...
- Hogs Rally on Friday as Cutout Boast Gains
- Lean hog futures posted a Friday rally, as contracts were up $1.30 to $2. June was up $3.02 this week. USDA’s national average base hog negotiated price was reported at $95.40 on Friday afternoon, a $3.55 drop from the day prior. The CME Lean Hog Index was up 61 cents...
- Wheat Sees Mixed Trade, with Spring Contracts Rallying
- Wheat closed Friday’s trade with mixed action in the winter wheats, as the spring wheat held higher. Chicago SRW futures were steady to 2 cents lower, as July slipped back 8 ½ cents from last Friday. Kansas City HRW contracts closed with 1 to 2 cents gains, as nearby July...
- Beans Fade Lower on the Short Week
- Soybeans were under pressure again on Friday, with contracts down 10 to 12 cents. July gave back 18 ½ cents this week, as November was down 23 ¾ cents. The cmdtyView Cash Bean price was down 9 3/4 cents to $9.95 1/2. Soymeal futures were steady on the day, as...
- Cotton Turns Higher into Friday’s Close
- Cotton futures managed to sneak out front month gains of 20 to 22 points on Friday, as December was down a single point. July was 127 points in the red this week, with December down 87. Crude oil prices were down another $0.21 on the day, with the US dollar...
- Cattle Falls Weaker to Close Out May
- Live cattle futures saw some mixed trade, with contracts 50 to 75 cents lower in the front months. June was down just 32 cents this week. Cash trade showed sales at $221-223 in the South this week, with business at $234-237 in the North. Feeder cattle futures fell back $1.07...