Commentary
- Cattle Strength Continues, as Labor Day Beef Push Rallies the Beef
- Live cattle futures posted 47 cent to $1.10 gains in the nearbys at the Monday close. Cash trade was mostly steady last week, with light dressed trade at $384-386 in the North and live action at $243-245. Southern sales were picked up at $235-237. Feeder cattle futures closed the Monday...
- Hogs Hold Gains on Monday
- Lean hog futures settled the Monday session with contracts up a tick to 62 cents. USDA’s national base hog price was down 18 cents in the Monday PM report at $107.70. The CME Lean Hog Index was back down 3 cents at $109.80 on August 14. USDA’s FOB plant pork...
- Cotton Posts Monday Gains, Conditions See Improvement
- Cotton futures closed the Monday session with contracts 26 to 32 points higher. The US dollar index is up $0.298 to $98.010, as crude oil futures were back up another $0.55. The weekly Crop Progress report from NASS showed a total of 97% of the US cotton crop squared by...
- Wheat Starts the Week with Weakness
- The wheat complex was lower across the three markets on Monday. CBT soft red wheat futures posted 1 to 3 ¾ cent losses on the day. KC HRW futures were fractionally lower to close the session. MPLS spring wheat saw 2 to 3 cent losses on the day. Crop Progress...
- Soybeans End Monday with Losses
- Soybeans eased back lower on Monday, with contracts down 1 to 2 cents on the session. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $9.75 1/2. Soymeal futures were down $1.40 to $3, with Soy Oil futures back up 8 to 33 points. Crop Progress...
- Corn Closes Mixed, with Most Contracts Higher on Monday
- Corn futures rounded out the Monday session holding steady from the midday action. Contracts were down ¾ cent for September and 1 to 2 cents higher in other front months. The CmdtyView national average Cash Corn price was down 1 cent at $3.65 3/4. USDA reported a private export sale...
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