Alan Brugler
Cattle Collapses on Thursday
BarchartThu Feb 6, 5:13PM CST
Live cattle futures posted losses of $2.90 to $4.525 on Thursday. Cash trade has trickled in at $208 in the North so far, down $2-4 from last week. Southern sales are coming in at $206, down $2 from the week prior. The Thursday morning Fed Cattle Exchange online auction from...
Cotton Holds Steady on Thursday
BarchartThu Feb 6, 5:13PM CST
Cotton futures posted marginally mixed trade on Thursday, with nearby March down a point and other contracts up 2 to 3 points. The outside markets were pressure factors, as crude oil futures were down $0.51/barrel. The US dollar index was up 0.113 on the day. Export Sales data from USDA...
Hogs Firmer on Thursday
BarchartThu Feb 6, 5:13PM CST
Lean hog futures were firm to 20 cents higher in the front months on Thursday. The national average base hog negotiated price was reported at $86.23 on Thursday afternoon, down 48 cents from the day prior. The CME Lean Hog Index was reported at $84.60 on February 4, up 52...
Wheat Bulls Pull Out Double Digit Gains on Thursday
BarchartThu Feb 6, 5:13PM CST
Wheat futures posted gains across the three exchanges on Thursday. Chicago SRW futures were up 14 to 16 cents in the nearbys to close out the day. KC HRW futures were 15 to 16 cents higher in the front months on the session. MPLS spring wheat was 9 to 10...
Corn Holds Gains into the Close
BarchartThu Feb 6, 5:13PM CST
The corn market faded off the early session weakness, with contracts up 1 to 3 cents on Thursday. The national average Cash Corn price from cmdtyView is back up 2 ¼ cents at $4.61 1/2. Export Sales data totaled corn bookings for 2024/25 at 1.477 MMT, on the high end...
Soybeans Push Higher on Thursday
BarchartThu Feb 6, 5:13PM CST
The soybean market posted 3 to 4 cents across most front months on Thursday. CmdtyView’s national front month Cash Bean price was up 3 1/2 cents at $9.99 3/4. Soymeal futures were down $1.40 to $2/ton, with Soy Oil futures 31 points higher. This morning in his senate confirmation hearing,...
Hogs Mixed at Midday
BarchartThu Feb 6, 12:27PM CST
Lean hog futures are up a tick to 20 cents in the nearbys on Thursday, with other contracts heading lower. The national average base hog negotiated price was not reported on Thursday morning on light volume. The CME Lean Hog Index was reported at $84.60 on February 4, up 52...
Wheat Posting Double Digit Gains on Thursday
BarchartThu Feb 6, 12:27PM CST
Wheat futures are posting gains across the three exchanges so far on Thursday. Chicago SRW futures are up 13 to 14 cents in the nearbys. KC HRW futures are 12 to 14 cents higher in the front months at midday. MPLS spring wheat is 8 to 9 cents in the...
Cattle Falling on Thursday
BarchartThu Feb 6, 12:27PM CST
Live cattle futures are posting Thursday losses of $3 to $4.65 so far at midday. Cash trade has trickled in at $208 in the North so far, down $2-4 from last week. Southern sales are coming in at $205-206, down $2-3 from the week prior. The Thursday morning Fed Cattle...
Cotton Marginally Higher at Midday
BarchartThu Feb 6, 12:27PM CST
Cotton futures are posting Thursday midday gains of 4 to 9 cents. The outside markets were pressure factors, as crude oil futures are down $0.26/barrel. The US dollar index is up 0.158 on the day. Export Sales data from USDA showed cotton bookings at 188,909 RB in the week that...
Soybeans Near Unchanged on Thursday
BarchartThu Feb 6, 12:27PM CST
The soybean market is trading with contracts fractionally mixed at midday. CmdtyView’s national front month Cash Bean price is down 1/2 cents at $9.95 3/4. Soymeal futures are down $1.40/ton, with Soy Oil futures 3 points higher. This morning in his senate confirmation hearing, USTR nominee stated there would be...
Corn Bulls Pushing Higher After Morning Slip-up
BarchartThu Feb 6, 12:27PM CST
The corn market is trading with 1 to 3 cent gains at Thursday’s midday, after seeing pressure at the 8:30 am CST open. The national average Cash Corn price from cmdtyView is back up 2 ¼ cents at $4.61 1/2. Export Sales data totaled corn bookings for 2024/25 at 1.477...
Cotton Higher Ahead of Export Sales Release
BarchartThu Feb 6, 7:32AM CST
Cotton price action is showing 19 to 27 point gains so far on Thursday morning. Futures posted losses of 76 to 90 points on the Wednesday session. The outside markets were mixed factors, as crude oil futures were down $1.50/barrel. The US dollar index was down 0.363 on the day....
Hogs Higher on Wednesday
BarchartThu Feb 6, 7:32AM CST
Lean hog futures were up $1.50 to $2 on Wednesday. The national average base hog negotiated price was reported at $86.71 on Wednesday afternoon, up $1.31 from the day prior. The CME Lean Hog Index was reported at $84.08 on February 3, up 31 cents from the previous day. Pork...
Soybeans Bouncing Back on Thursday Morning
BarchartThu Feb 6, 7:32AM CST
The soybean market is trying to recover some of the Wednesday losses with gains of 4 to 6 cents so far on Thursday morning. Soybeans posted Wednesday losses of 11 to 18 cents to close out the day. Traders were taking a risk off approach as Tuesday’s meeting between President...