Newswire
Commentary
- Hogs Lower on Friday
- Lean hogs are sliding lower on Friday, contracts down 30 to 52 cents. The national average base hog price was not reported on Friday morning, with the 5-day rolling average at $77.21. The CME Lean Hog Index was reported at $84.90 on October 2, up 45 cents from the day...
- Cattle Pushing Higher on Friday
- Live cattle futures are getting some help from higher cash trade as October options expire today. Contracts are up a dime to 70 cents at midday. Cash trade has yet to fully kick off ye this week, with some light action at $186 reported in the South this morning. Feeder...
- Cotton Higher on Friday Despite Stronger Dollar Influence
- Cotton futures are showing 21 to 30 point gains on Friday. Crude oil futures are up $1.25/barrel on the day ahead of the weekend with the world waiting on Israel’s response to Iran’s ballistic missile attack from earlier in the week. That is adding some support, with the dollar index...
- Wheat Extending Pullback on Friday
- After a higher start to the week, wheat futures are fading off on the Friday session with losses across the three markets. Chicago SRW futures are down 14 to 15 cents across front months. KC HRW contracts are 13 to 14 cents lower on the day. MPLS spring wheat is...
- Soybeans Lower at Friday’s Midday
- Soybeans are trading with midday losses of 5 to 6 cents so far on Friday. CmdtyView’s national front month Cash Bean price is down 5 3/4 cents at $9.77 1/4. Soymeal is down 80 cents to $2.20/ton across the nearby contracts. Soy Oil futures are down 48 points on the...
- Corn Sliding into Weekend after Early Week Pop
- Corn futures are falling on Friday, after bulls gained ground in the first half of the week. Contracts are down 3 to 4 cents in the nearbys at midday. Additional pressure is coming via a weaker wheat market and a stronger US dollar index. The national average Cash Corn price...
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