Andrea Marshall
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- Hogs Firmer on Tuesday
- Lean hogs are trading steady to 60 cents higher across most contracts on Tuesday’s midday. USDA’s National Average Base Hog negotiated price was up $1.77 from the Monday afternoon report at $94.18 on Tuesday morning. The CME Lean Hog Index was back down 16 cents on May 3 at $90.80....
- Cattle Rallying on Tuesday
- Live cattle are up $1.15 to $1.80 across most contracts on Turnaround Tuesday. Cash trade has yet to develop this week, as sales of $184 were reported in the South last week and a few trades in the North in a range of $186-188. Feeders are rallying $1.30 to $2.50...
- Cotton Showing Turnround Tuesday Bounce
- The cotton market is posting 81 to 108 point gains at midday. The US dollar index is up 196 points, a negative input, while crude oil is 25 cents higher. The US cotton crop was reported at 24% planted as of Sunday, a 9% advance over the last week. The...
- Soybeans Mixed as New Crop Leads Charge Higher
- Beans are showing weakness in the front months on Tuesday, with July down 3 ¾, as new crop contracts are up 6 to 8 cents. Soymeal is pulling back on Turnaround Tuesday, with contracts down $2 to $3/ton. Soy Oil is looking higher for the second day in a row,...
- Wheat Slipping Lower on Turnaround Tuesday
- Wheat futures are pulling back on Tuesday after the last couple weeks of rallying, as winter wheat conditions were shown to improve slightly. Chicago contracts are down 5 to 7 cents at midday. Kansas City futures are down 8 to 15 cents on the day. MPLS spring wheat is 7...
- Corn Facing Weakness As Drier Window Approaches
- Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period of drier weather across much of the US beyond Wednesday through early next week....
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