Commentary
- Hogs Fall Lower on Friday
- Lean hog futures fell back 65 cents to $2.22 on the Friday session, with Feb slipping down $1.425 on the week. The national average base hog negotiated price was reported at $78.50 on Friday afternoon, down $1.74 from the day prior. The CME Lean Hog Index was reported at $81.19...
- Soybeans Rally Back Higher on Friday
- Soybeans posted a rally ahead of Monday’s inauguration. Contracts were up 10 to 15 cents in the nearbys, with new crop contracts up 3 ½ to 7 ¾ cents. Nearby March was 8 ¾ cents higher since last Friday. CmdtyView’s national front month Cash Bean price is up 14 ¼...
- Wheat Firms Ahead of the Long Weekend
- The wheat market closed out the Friday session with contracts steady to slightly higher. The Chicago SRW market was fractionally higher to 1 ¼ cents on the day. March was 8 cents higher on the week. KC HRW closed with contracts fractionally mixed, as March was down 3 ¼ cents...
- Cotton Posts Friday Gains
- Cotton futures settled Friday with contracts back up 54 to 87 points across the board. March cotton ended the week up 59 points. The outside markets were pressure factors, as the US dollar index was up 438 points, with crude oil $0.64/barrel lower. The markets and government will be closed...
- Cattle Close Mixed on Friday
- Live cattle futures settled the Friday session with contracts up 22 cents to 40 cents lower. February slipped back down $2.025 from last Friday. Cash trade this week came in at $200-201 in the South, with sales reported of $202-205 on NE. Feeder cattle futures were 5 to 32 cents...
- Corn Rally into 3-Day Weekend
- The corn market rallied on Friday with the nearby contracts up 8 ¼ to 10 cents and other contracts 1 ¼ to 3 ¾ cents higher across the board. March was up 13 ¾ cents on the week. The national average Cash Corn price from cmdtyView is up 9 1/4...
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