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Market Snapshot
Quotes are delayed, as of October 29, 2024, 02:54:40 PM CDT or prior.
Commentary
- Hogs Rallying on Tuesday
- Lean hog futures are showing 52 cent to $2.325 higher trade on Tuesday, led by December. The national average base hog price was not reported again on Tuesday morning due to light volume, with the 5-day rolling average at $74.79. Monday saw some sharp strength. The CME Lean Hog Index...
- Cattle Heading Lower on Tuesday
- Live cattle futures are shifting to lower trade on Tuesday’s midday, with losses of 80 cents tot $1.025. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. So far this week action has mainly been...
- Cotton Higher So Far on Tuesday
- Cotton futures are posting 40 to 48 point gains in the nearbys so far on Tuesday. The outside markets are pressure factors, with crude oil slipping 12 cents/barrel and the US dollar index 157 points higher. Crop Progress data tallied 97% of the US cotton crop setting bolls, with harvest...
- Corn Getting a Turnaround Tuesday Bounce
- Corn futures are trading with 2 to 3 ½ cent gains at midday on Tuesday. The national average Cash Corn price from cmdtyView is up 3 1/2 cents at $3.82 3/4 per bu. Weekly Crop Progress data showed 81% of the US corn crop was harvested as of October 27,...
- Wheat Rallying on Weaker Than Expected Condition Ratings
- The wheat complex is seeing some recovered strength across all three exchanges so far on Tuesday. Chicago SRW futures are up 12 to 14 cents on the day. KC HRW contracts are showing gains of 15 to 16 cents. MPLS spring wheat is also posting 15 to 16 gains across...
- Soybeans Falling at Tuesday’s Midday
- Soybeans are facing some continued weakness on Tuesday, with contracts steady to 4 cents lower so far on the day. CmdtyView’s national front month Cash Bean price is down 2 1/4 cents at $9.16. Soymeal futures are down $3/ton in the nearby Dec on the day. Soy Oil is seeing...