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USDA Newswire
National Newswire
Market Snapshot
Quotes are delayed, as of September 28, 2023, 08:08:55 PM CDT or prior.
Commentary
- Triple Digit Rebound for Cattle Market
- Live cattle futures were back up by 0.8% to 1.2% on Thursday. The Dec contract was up $2.25 for the day, limiting the week’s pullback to 92 cents. USDA confirmed Thursday cash sales from $183 to $185, reporting the bulk of Southern trade near $183 and Northern trade near $184....
- Cotton Extends the Rally through Thursday
- Cotton futures finished the Thursday session with 30 to 50 point gains across the front months. That has December at a net 280 point gain for the week. Dec settled over a penny off the session high on Thursday, which at 89.9 cents was just 10 points from the high...
- KC Wheat Leads Price Decline Again
- Wheat trade pushed lower again on Thursday, again led by the KC market. HRW futures were down by 1.2% across the front months, leaving Dec at a net 26 cent loss for the week and at new lows for the move. Spring wheat futures also posted new lows for the...
- Hogs Add Premium Ahead of USDA Quarterly Report
- The front month futures were up triple digits, including a 3.8% rally for the Dec contract on Thursday, heading into the NASS Hogs and Pigs report. USDA’s National Average Base Hog price for Thursday afternoon was $74.76, down by $1.86. The ECB quote was $73.61, compared to $75.55 for the...
- Nickel Gain for Corn Futures
- The Thursday session ended with nickel gains in corn after a an 8 ¼ cent range. December futures are now up 11 cents for the week’s move, with Friday (and its USDA Grain Stocks report) to go. Barchart’s cash data shows the ECB basis has fallen from -20c at the...
- Soybeans Close Lower on a Wide Ranged Thursday
- Front month bean prices settled 2 ¾ to 4 ¼ cents lower on Thursday. Nov futures saw a wide 20 cent range and closed 13 ½ cents off the session low. Barchart data showed basis was -68c in the WCB and -61c in the ECB. That is a 24c wider...
